Tesla Inc has reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges caused by COVID-19 lockdowns in China.Chief Financial Officer Zachary Kirkhorn on Wednesday said Tesla was still pushing to reach 50 percent growth in deliveries this year, adding that while the target had become more difficult, “it remains possible with strong execution”.Chief Executive Elon Musk said he expects inflation to start easing by end-2022 and most commodity prices to stabilise.
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