Brisk sales: Visitors looking at a China-made Tesla Model Y sport utility vehicle at the EV maker's showroom in Beijing. Tesla's China factory ended the second quarter with a record monthly production level. - Reuters
SAN FRANCISCO: Tesla Inc has reported a higher-than-expected quarterly profit as a string of price increases on its best-selling electric vehicles (EVs) helped offset production challenges caused by Covid-19 lockdowns in China.
Chief executive Elon Musk said he expects inflation will begin to ease by the end of the year, and he told a conference call that Tesla does not have a demand problem.
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