(Bloomberg) — After doubling the value of Tesla Inc. shares over the past three months, investors took a breather on Thursday following the electric-vehicle maker’s fourth consecutive quarterly profit, which was widely anticipated by the market.Tesla’s market valuation of $280 billion now dwarfs even the largest traditional carmakers, and its stock has soared 262% this year, even after a steep decline in February and March on coronavirus-related concerns. The shares dropped as much as 7% to $1,480.77 on Thursday after initially rising on the news of second-quarter profit and the enhanced possibility it will enter the S&P 500 Index.With the …read more
Source:: Yahoo Finance
