Tesla Motors Inc. (TSLA) reported first quarter adjusted EPS of $0.12 after the bell Wednesday, which topped the consensus estimate of $0.04. This was the company's first-ever quarterly profit in ten years. Revenues surged 83 percent to $561.8 million from $30.2 million last year. Analysts expected revenues of $492.02 million.
Tesla Motors gapped open sharply higher Thursday, but traded in a range for the bulk of the session. The stock ended the day with a gain of 13.61 at $69.40 on the highest volume of the year. Tesla Motors has been rising for the last month and a half and set a new high for the year.
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