This compared with a loss of $230m a year earlier, reports The BBC.
Record deliveries helped to offset rising expenses for next year’s roll-out of the company’s mass-market Model 3 saloon car.
Tesla delivered a record 24,821 cars during the quarter, more than 300 more than estimated.
Shares in the electric car maker jumped 3.76 per cent in after-hours trading.
“The Tesla third quarter results reflect strong company-wide execution in many areas,” said chief executive Elon Musk and chief financial officer Jason Wheeler in a statement.
“We set new records for vehicle production, deliveries and revenue.”
Tesla, which went public in 2010, had not made a net quarterly profit since the first quarter of 2013.
In the previous two quarters it had missed production targets.
The firm is counting on the Model 3 to help it meet its 2018 goal of producing 500,000 cars annually.
The Model 3 is Tesla’s attempt to widen its market appeal with a more affordable car. Its starting price is expected to be $35,000.
In its third quarter results Tesla did not provide an update on its planned $2.6bn acquisition of solar panel maker SolarCity.
Mr Musk, who is SolarCity’s chairman and main shareholder, has said he plans to provide more financial details on the deal on 1 November before a vote by shareholders of both companies on 17 November.
