- Tesla stock surged as much as 5.8% in pre-market trading on Wednesday after the company made a profit for the fourth quarter in a row.
- Elon Musk's electric-car company reported $104 million in net income, a big improvement from its $408 million loss in the second quarter of 2019.
- Tesla is now eligible for inclusion in the S&P 500, which promises to expand its shareholder base.
- Musk also announced that Tesla will build its fourth US factory in Austin, Texas.
- Visit Business Insider's homepage for more stories.
Shares in Tesla jumped as much as 5.8% in pre-market trading after the group posted its fourth consecutive quarterly profit for the first time ever.
Elon Musk's electric-car company reported net income of $104 million for the three months to June 30, a sharp swing from its $408 million net loss in the second quarter of 2019.
See the rest of the story at Business Insider
NOW WATCH: A cleaning expert reveals her 3-step method for cleaning your entire home quickly
See Also:
- Warren Buffett isn't warning about sky-high stocks because he 'doesn't want to make people mad,' veteran investor Bill Smead says
- Wall Street's biggest influencer says Warren Buffett might look 'out of touch' but that's a key element of his success
- 'Britain's Warren Buffett' explains why the Berkshire Hathaway chief isn't striking many deals, and shares 1 key lesson from the investor that he's applying today
from Business Insider https://ift.tt/2OSpcYY
No comments:
Post a Comment