How Tesla Made a Record Profit

Tesla Chief Executive Elon Musk said the company was struggling for survival in September, but the third quarter produced a record profit.
Tesla Chief Executive Elon Musk said the company was struggling for survival in September, but the third quarter produced a record profit. Photo: Marcio Jose Sanchez/Associated Press

Tesla TSLA -1.45% has produced a turnaround for the ages. Knowing how the company pulled it off is important for investors.

Last week, chief executive Elon Musk said the electric car maker was struggling for survival up until September. Turns out, Tesla produced its biggest profit ever that quarter.

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