Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing

Tesla Reports Fourth Consecutive Quarterly Profit

By
Amir Efrati
· · Source: The Information

Tesla on Wednesday became eligible to be part of the companies that make up the S&P 500 stock index after reporting its fourth successive quarterly profit, punctuating its meteoric stock price gain this year. More importantly, Tesla said it generated $418 million in free cash flow in the second quarter despite its main manufacturing plant being shut down for weeks. Critics were quick to point...

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