July 23, 2020

Highflying Tesla reports surprise profit despite COVID-19 upheaval

New York (AFP) – Tesla reported a surprise second-quarter profit Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new auto factory in Texas.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.Tesla shares — which have exploded in 2020 as the company has met key targets — climbed further following the results. Several analysts that have praised Te…

source https://this.kiji.is/en/658820683753391201?c=648607265489716321

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