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Tesla on track to join S&P 500 after fourth-straight quarter of profits – Sydney Morning Herald
Tesla defied the coronavirus pandemic to post another quarter of profits, sending its stock up 6 per cent in after-hours trading and clearing a hurdle that could lead to its inclusion in the S&P 500 index.
Tesla on Wednesday (US time) posted a second-quarter profit despite the ongoing global pandemic, sending its stock up 6 per cent in after-hours trading and clearing a hurdle that could lead to the electric carmaker’s inclusion in the S&P 500 index.
Tesla said it earned non-adjusted net income of $US104 million ($146 million) from April to June, or a $US0.50 per share profit, marking the first time the company has posted a profit for four straight quarters, a necessary goal for it to be incl…
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