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Tesla manages $104 million profit in Q2 despite virus shutdown

Tesla earned $104 million net profit during the second quarter, despite the coronavirus-related shutdown of its main factory in Fremont, Calif., sending its shares up 6% in after-hours trading.

Why it matters: It was Tesla's fourth quarterly profit in a row, clearing a hurdle to be included in the the S&P 500 stock index of the largest U.S. companies and signaling a new phase of maturity for the electric carmaker.

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