Tesla up 20% after Panasonic post first quarterly profit…

Tesla up 20% after Panasonic post first quarterly profit…

Tesla TSLA up 20% after Panasonic posts first quarterly profit at battery business.

Shares of Tesla have rallied by over 30% since the car maker run by Chief Executive Elon Musk posted its second consecutive quarterly profit last Wednesday, which was viewed as a milestone for the company competing against established heavyweights including General Motors Co and BMW.

The stock is up over 300% since early June, helped by Tesla’s better-than-expected financial results and ramped up production at its new car factory in Shanghai…

Source: Reuters

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