Tesla hits milestone in reporting a profit for its fourth straight quarter

Expectations had been high following Tesla’s report that it had delivered slightly more than 90,000 vehicles in the second quarterTesla reported a profit for the fourth straight quarter on Wednesday, surpassing a key milestone for the perennially loss-making electric car company.The company reported net income of $110m for the second quarter with a net profit of $104m, which it attributed to “fundamental operational improvement”. Revenue was down 4.9% from a year ago to $6.04bn