Tesla reports surprise profit amid coronavirus pandemic, with China the ‘star of the show’

Tesla reported a surprise second-quarter profit on Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new factory in Texas.The result clears the way for the highflying company led by Elon Musk to potentially join the S&P 500. A requirement for the prestigious Wall Street index is four successive profitable quarters, which Tesla has now achieved.Tesla shares – which have exploded in 2020 as the company has met key…

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