27
Jul
Tesla Inc.s 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 stock rally late Monday as limited battery supply and the ongoing chip shortage crimped the Silicon Valley electric-car makers output and forced it to delay the launch of its commercial truck. Tesla TSLA, +2.21% said it earned $1.14 billion, or $1.02 a share, in the second quarter, compared with $104 million, or 10 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $1.45 a share. Revenue rose…