Tesla earned almost $600 million a month. Find out how.

Tesla earned $1.6 billion in third quarter, a rate of almost $600 million a month, according to newly filed documents. The electric-car company, which is based in Palo Alto, Calif., released its financial results…

Tesla earned almost $600 million a month. Find out how.

Tesla earned $1.6 billion in third quarter, a rate of almost $600 million a month, according to newly filed documents.

The electric-car company, which is based in Palo Alto, Calif., released its financial results this week after they had been previously posted.

The company appears to be continuing its rapid expansion, in spite of worries about its finances and production.

In the third quarter, the company had 79,911 Tesla vehicles delivered, according to the newly filed documents. That represented an increase of 14 percent over the 67,234 vehicles delivered during the same period last year.

Tesla produced about 80,000 vehicles during the third quarter, the documents said. That was up from about 64,000 during the same period last year.

Tesla’s market value is well over $50 billion. The $1.6 billion in quarterly net income is enough to buy Toyota, the biggest car maker in the world.

In a call with investors, Tesla chief executive Elon Musk said the company was “going to be profitable next quarter.” He also said he expected Tesla’s target of producing 500,000 vehicles a year by the end of 2020 to be “on track.”

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