Tesla’s Profit and Model Y Arrival Send Stock Soaring Past $600
(Bloomberg) — Tesla Inc. stayed on a roll by reporting better-than-expected revenue and accelerating the arrival of its next electric vehicle, sending the stock soaring to new highs.The Model 3 maker’s $7.38 billion in sales for the fourth quarter beat estimates and carried the company to its second consecutive quarterly profit. Tesla will speed up the introduction of its Model Y crossover to this quarter, faster than it projected three months ago.Tesla shares climbed more than 10% after the close of regular trading. The stock was already up 39% this year.Chief Executive Officer Elon Musk triggered an epic rally late …read more […]