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Tesla on the road to SP 500 as dollar tumbles

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Electric car maker Tesla has posted four consecutive quarters of profit for the first time in its 17year history. The record makes it eligible for inclusion in the SP 500 index of US stocks. Despite the global pandemic, the car maker eked out a 104 million profit in Q2. Tesla shares have already been on a run ahead of this news. The share price hit a low of 361 on 18 March but have since soared to 1,592. Investors reacted mutedly to the profit news however, with the share price gaining 1.53 on the day.