Tesla Beats Estimates To Post Fourth Straight Quarterly Profit

Despite factory shutdowns due to the pandemic, Tesla posted on Wednesday a surprise net profit for the second quarter, beating analyst expectations and reporting its fourth consecutive quarter of net profits.   Despite the closure of Tesla’s main factory in Fremont for almost half the quarter, the EV maker posted its fourth sequential GAAP profit of US$104 million in Q2.   Four profitable quarters in a row make Tesla now eligible to be considered for inclusion in the S&P 500 Index. Following the results release late on Wednesday,…