Tesla posts 4 straight quarters of profit; now eligible for S&P 500 inclusion

[F-22Raptor]

Tesla just reported its second-quarter results.

Here's how Elon Musk's electric car and renewable energy business did, versus analysts' expectations, according to estimates compiled by Refinitiv.

• Earnings: $2.18 ex-items vs. 3 cents per share, expected.
• Revenue: $6.04 billion vs. $5.37 billion, expected.
• Net income: $104 million (GAAP)

Tesla also reported its fourth consecutive quarter of profitability on a GAAP basis, which means it can now be considered for inclusion on the S&P 500 index.

https://www.cnbc.com/2020/07/22/tesla-tsla-earnings-q2-2020.html