Tesla posts fifth consecutive quarter of profits
The electric-car maker says it is on track to meet a goal of delivering 500,000 cars in 2020
Tesla reported a fifth consecutive quarter of profits on Wednesday and said it remains on track to deliver 500,000 cars in 2020.
The earnings streak could add momentum for Tesla’s inclusion in the S&P 500 Index and defies a downbeat trend among other carmakers struggling to overcome a pandemic-induced slump. The Palo Alto, California-based company reported third-quarter profit of 76c a share on an adjusted basis, beating analysts’ consensus estimates for 55c a share...