July 22, 2020

Highflying Tesla reports surprise Q2 profit

New York (AFP) – Tesla reported a surprise second-quarter profit Wednesday, further boosting shares as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic.The electric car maker scored profits of $104 million compared with a loss of $408 million in the year-ago period.Revenues fell five percent to $6 billion. The result clears the way for the highflying company led by Elon Musk to potentially join the S&P 500. A requirement for the prestigious Wall Street index is four successive profitable quarters, which Tesla has now achieved.Shares jumped 5.1 percent to …

source https://this.kiji.is/en/658779313700947041?c=648607265489716321

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