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Tesla stock soars on profitable quarter despite coronavirus shutdowns - Business Insider

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Tesla reports its longest-ever profitable streak, topping Wall Street's expectations for the second quarter

Before the pandemic hobbled the entire auto industry, Tesla had announced plans to build up to 500,000 vehicles in 2020, something says it will still be able to do despite the ongoing difficulties. Many of Tesla's competitors have in recent monthsFor investors that have piled into the stock in recent months, helping it reach record highs and sealing Tesla's status as the world's most valuable automaker, the beat is likely to be taken as pure vindication.

Such a streak has also left Wall Street analysts scratching their heads to find a motive for the meteoric rise. Despite outperform rankings, their average price target still trails current trading. "It's hard to see how competitors can catch up," said Piper Sandler's Alexander Potter put things succinctly earlier this month, This story is developing. Refresh this page for updates.Get your weekly recap of all things electric vehicles, airlines, and more. Sign up for our Shifting Gears newsletter now.

 

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Investeraren ”Profit”

why’d they go and make elon look like he has down syndrome

.50 cent profit ..... hmmm

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