Tesla posts surprise $2 billion Q3 profit, up 17% from a year ago

( ) -q-24- UNDATED (Correspondent Jeremy House) “aging vehicle lineup.”

Tesla’s third-quarter net income rose 17.3% on stronger electric vehicle sales.

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TAG: Correspondent Jeremy House. An optimistic CEO Elon Musk predicted the company would achieve up to 30% sales growth next year. After the results were announced, Tesla’s stock soared almost 12%.

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VERBATIM: The performance changed the trajectory of the year for the Austin, Texas, company, which had seen sales and profits decline in the first two quarters. Tesla says it made $2.17 billion from July through September, more than the $1.85 billion profit a year ago. The earnings came despite price cuts and low-interest financing that helped boost sales of the company’s aging vehicle lineup.