US electric car manufacturer Tesla saw profit fall in the second quarter, the company announced on Tuesday. The company’s earnings totalled $1.48 billion, or $0.42 per share. This compares with $2.70 billion, or $0.78 per share, in last year’s second quarter. The company’s revenue for the quarter rose 2.3% to $25.50 billion from $24.93 billion last year. “We achieved record quarterly revenues despite a difficult operating environment,” the company said in the quarterly update. Tesla was focusing on company-wide cost reduction, growing its traditional hardware business and accelerating developm…