(Bloomberg) — Tesla Inc. posted a fourth consecutive quarterly profit, a milestone that could pave the way for the electric car-maker to join the ranks of the blue-chip S&P 500 Index.The results validate the unconventional efforts that Elon Musk, Tesla’s chief executive officer, made to shore up earnings in the midst of the global pandemic that’s expected to leave other U.S. automakers posting losses. The profit further boosts Tesla’s already lofty share price, which has quadrupled since March in part based on speculation the stock could be added to the S&P 500. The stock rose as much as 7.8% in …read more
Source:: Yahoo Finance
