AdvertisementTesla's profits soared to a record – but challenges are mountingUpdated January 25, 2023Camila DomonoskefacebookEmailA 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.