Tesla Inc.’s quarterly profit topped $1 billion for the first time in the company’s history and its sales nearly doubled, zooming past Wall Street expectations, but there was no rally for the stock late Monday as the Silicon Valley electric-car maker delayed the launch of its commercial truck thanks to a “limited” battery supply and ongoing supply-chain snags.
Tesla Inc.’s quarterly profit topped $1 billion for the first time in the company’s history and its sales nearly doubled, zooming past Wall Street expectations, but there was no rally for the stock late Monday as the Silicon Valley electric-car maker delayed the launch of its commercial truck thanks to a “limited” battery supply and ongoing supply-chain snags.