Tesla's Q2 results for 2020 showed the electric car manufacturer report revenue at $6.04 billion, exceeding the expectations of Wall Street. Tesla posted positive quarterly earnings that were fourth in-a-row and paving the way for its inclusion in S&P 500. Key statistics for Q2 2020 are:
- GAAP operating income of $327 million with 5.4% operating margin
- Cash and cash equivalents rose by $535 million to $8.6 billion while generating positive cash flow less capex of $418 million
- Net income of $104 million and earnings per share of 50 cents, beating consensus expectations of an adjusted loss of 11 cents per share
Want to get exclusive insights into the star stock of the year? Gold stocks stood solid and ensured a safety net for investors.
Click now to access our report on Gold Stocks to understand how the rise in gold prices propelled the ASX-listed gold stocks, and many emerged as the star performer of the year.
Inside this report, you shall discover
How the price trends of gold have got it where it is With the rallying gold prices and the record-buying from Central Banks, the gold spot rose from $1,655.14 (low in December 2018) to $2,322.26 (high in August 2019). A promising return of over 40 percent was seen in the year 2019. Get exclusive insights into how the trends set the foundation for the performance and how Gold stocks seem to be a safe bet when you look back.
Which stocks you should have been looking at: Find out which stocks delivered promising returns to investors. Gold stocks such as Gold Road Resources Limited (ASX: GOR), Kirkland Lake Limited (ASX: KLA) Newcrest Mining Limited (ASX: NCM) delivered better returns against the S&P Commodity Producers Gold Total Return Index.