Tesla Inc.’s profit topped $1 billion for the first time in the company’s history and its sales nearly doubled in the second quarter, blowing Wall Street expectations out of the water, but the stock barely rose above 1% after the company pushed back the launch of its commercial truck due to “limited availability of battery cells and global supply chain challenges.”
Tesla said it remained on track to build its first Model Y compact SUV in factories going up in Berlin and in Austin, Texas, this year, with the pace of the production ramp “influenced by the successful introduction of many new product and manufacturing technologies, ongoing supply-chain related challenges and regional permitting.”
Tesla said it is “making progress” in getting the Cybertruck, Tesla’s electric pickup truck, ready for sales, with production still planned for the Austin factory after the Model Y production.
Delayed semi...
He'll come up with something important every time, even if it isn't.
This is head line for MarketWatch and nothing about earnings!!
Tesla stocks after earning calls 📈📈📈
this is terrible news
As more and more Teslas become taxis 🤣 elonmusk .
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