Tesla earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is using that superior profitability as a weapon in the EV price war he started.
Tesla, once one of the auto industry's biggest money losers, has over the past year built a commanding lead over most major rivals in profit per vehicle, an analysis of industry data shows.
Tesla earned $15,653 in gross profit per vehicle in the third quarter of 2022 — more than twice as much as Volkswagen, four times the comparable figure at Toyota and five times more than Ford, according to the analysis.