Tesla growth is Musk’s goal after profit positions stock for S&P
Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough.
By Dana Hull and Ed Ludlow, Bloomberg News
The positive quarterly earnings Tesla reported Wednesday were its fourth in a row, again surprising Wall Street analysts and possibly paving the way for its soaring stock to join the S&P 500 Index. But its chief executive officer is in no mood to let his foot off the accelerator, announcing the company will build another new vehicle-assembly plant in Texas and keep lowering the cost of its models.
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