Tesla Extends Quarterly Profit Streak

Tesla's earnings report exceeded expectations, leading to a stock rally. The company posted a $104 million profit despite pandemic challenges, paving the way for potential inclusion in the S&P 500. Key financial metrics were strong, with revenue surpassing $6 billion. CEO Elon Musk unlocked a significant pay award and announced plans for a new assembly plant in Texas, focusing on reducing vehicle costs.

What was a significant outcome of Tesla's fourth consecutive quarterly profit?

• A merger with another car manufacturer

• A decrease in stock prices

• Potential inclusion in the S&P 500 index

• Inclusion in the Dow Jones Industrial Average

How much profit did Tesla report for the second quarter?

• $50 million

• $500 million

• $104 million

• $200 million

What was Tesla's revenue in the reported quarter?

• Exactly $5 billion

• More than $6 billion

• More than $7 billion

• Less than $5 billion

What is one of Elon Musk's future plans for Tesla?

• Opening a new headquarters in Europe

• Acquiring a major competitor

• Launching a new line of electric bicycles

• Building a new assembly plant in Texas

What is a concern Elon Musk expressed about Tesla's vehicles?

• The design is outdated

• The cost is too high

• The range is insufficient

• The production is too slow