Tesla Soars After First-Ever Quarterly Profit to Start Year.

(Bloomberg) -- Tesla Inc. shares surged after the carmaker reported its first-ever quarterly profit to begin a year, but it burned through cash again and backed away from guidance for how the rest of the year will shake out. "Tesla investors are looking past the June quarter", Dan Ives, a Wedbush analyst who rates the stock a hold, said by phone. [Extracted from the article]