Tesla Inc. stock surged on Thursday more than 19% after the company announced better than expected earnings report for the third quarter on Wednesday. Earnings per share of the American electric carmaker was $1.86, down from $2.90 in the same period last year but still better than analysts' expectations of a loss of 42 cents. Earnings fell 54% to $143 million while automotive sales dropped 12.7% on an annual basis, to $5.13 billion.
At 10:45 am ET the stock price came to a monthly high gaining 14.08% selling for $290.51, unseen since March this year.