NEWS

<p style="text-align: center;"><img title="1595571446517801.png" alt="7.png" src="/ueditor/php/upload/image/20200724/1595571446517801.png"/></p><p>&nbsp;Tesla Inc&nbsp;on Wednesday posted a second-quarter profit as cost cuts and strong deliveries helped offset coronavirus-related factory shutdowns, sending its stock up 4.4% in after-hours trading and clearing a hurdle that could lead to the electric carmaker&#39;s inclusion in the S&amp;P 500 index .<br/><br/>Tesla said it earned net income of $104 million from April to June, or $0.50 per share, marking the first time the company has posted a profit for four straight quarters, a condition for it to be considered for the stock index of the largest U.S. companies.<br/><br/>The performance is a major accomplishment for Chief Executive&nbsp;Elon Musk, whose mission of leading the global auto industry into an electric future has frequently been questioned by investors who doubted Tesla&#39;s viability.<br/><br/>Its shares have gained more than 500% over the past year. Many analysts believe the rally has been fueled in part by expectations of Tesla&#39;s imminent inclusion in the stock index, which would unleash a flood of demand for shares.<br/><br/>Musk on a conference call on Wednesday said Tesla would prioritize growth over profit going forward and focus on making its vehicles more affordable.<br/></p><p><br/></p><p><br/></p>