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Tesla's profits soared to a record – but challenges are mounting

A Tesla charging station stands in a parking lot in Springfield, Va., on Jan. 17. The automaker decreased the prices of Teslas by up to 20%, a move seen as a reaction to competition in the global market for electric vehicles and rising inflation rates. (Getty Images)
A Tesla charging station stands in a parking lot in Springfield, Va., on Jan. 17. The automaker decreased the prices of Teslas by up to 20%, a move seen as a reaction to competition in the global market for electric vehicles and rising inflation rates. (Getty Images)

This article was originally published on January 25, 2023.

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