Tesla Inc. (NASDAQ: TSLA) reported its first quarterly profit exceeding a billion dollars in the second quarter as growing vehicle sales soared past the money-making sale of pollution credits the electric vehicle maker has relied upon to post positive results.
Earnings of $1.45 a share beat estimates of 98 cents. Revenue was $11.96 billion versus analyst estimates of $11.30 billion. Net income was $1.14 billion, 10 times higher than a year ago. Automotive revenue of $10.21 billion included only...