(Reuters) - Electric car maker Tesla Motors Inc has yet to show a profit but its shares rose late on Wednesday after it reported a narrower third-quarter loss than analysts had expected.
Also, Tesla said it expects to meet margin targets for the Model S, the vehicle it is betting its future on, and that it will deliver the sedan to customers by next July.
Tesla posted a third-quarter net loss of 55 cents per share, better than the 59-cents-per-share loss expected, on average, by analysts polled by Thomson Reuters I/B/E/S, and the shares rose 5.4 percent after the earnings report.
