Telsa’s second quarter saw the company pass $1 billion in net profit for the first time and beat estimates on the top and bottom lines, but top Wall Street analysts had a tepid reaction to the report.

The automaker reported $1.14 billion in net income for the period, its most profitable quarter on record. That equates to $1.45 in adjusted earnings per share on $11.96 billion in revenue. Analysts surveyed by Refinitiv were looking for 98 cents in earnings per share on $11.30 billion in revenue.