Elon Musk's Tesla now worth $630billion after reaching milestone with its first $1Billion quarterly profit

Elon Musk's Tesla now worth $630billion after reaching milestone with its first $1Billion quarterly profit



Elon Musk's Tesla is now worth $630billion after its quarterly profit surpassed $1billion for the first time.



The financial milestone was announced on Monday, July 26. The Palo Alto, California, company earned $1.1billion, or $1.02 per share, in the April-June period.



Tesla earned $1.45 a share in the latest quarter, easily topping the 94 cents expected by Wall Street analysts, according to FactSet.


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