Tesla Reports Profits in Four Consecutive Quarters For First Time
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Popular electric car maker Tesla has posted profits for four consecutive quarters for the first time in its 17 years of existence, The Wall Street Journal has reported.

According to the newspaper, Tesla made $104M during the second quarter of 2020, while during the same period of the previous year, the company posted a loss of $408M. However, starting in the third quarter of the same year, quarterly results moved into positive territory (+143 million, +105 million, +16 million).

Tesla could now include its shares in the S&P 500. If this eventually happens, the large index funds will "compete" to include the shares of the the electric car maker in their portfolios.

The company CEO Elon Musk has announced the construction of a second assembly plant in Texas. The plant will be located in Austin and will assemble the Cybertruck, semis as well as the Model 3 and Model Y for consumers in the east of the United States.

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