DETROIT, Michigan: Tesla's second-quarter profit fell 32 percent from record levels in the first three months of 2022 as supply chain issues and pandemic-induced lockdowns in China slowed the production of its electric vehicles (EVs).

But the company headquartered in Austin, Texas still surprised analysts on Wednesday (Thursday in Manila) with a better-than-expected $2.26-billion net profit for April to June. It stuck with a prediction of 50-percent annual vehicle sales growth over the next few years, but said that depended on the supply chain, equipment capacity and other issues.