Surprising analysts, Tesla reported a profit of $104 million in July. The announcement marked a fourth consecutive quarter of profits, even as the pandemic squeezed other automakers. It also qualified Tesla for inclusion in the S&P 500 index, a prerequisite for which is consistent profits. This month happened to mark the ten-year anniversary since Tesla's IPO. A decade ago, electric cars were a niche market. Today, their ubiquity seems all but guaranteed, as prices fall, batteries become more efficient, and governments prepare cities for electrification.