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This. If Tesla presented its numbers the same way that Toyota and Ford did, they would both have higher profits-per-car than Tesla despite selling many cheaper
by gamblor956 3y ago
This.
If Tesla presented its numbers the same way that Toyota and Ford did, they would both have higher profits-per-car than Tesla despite selling many cheaper cars, due to the huge markups on their real moneymakers: trucks sold to U.S. customers (Ford's profit on an F350, their most expensive vehicle, can exceed the retail price of a Model 3.). The profits on trucks are why Musk is trying to get into the truck game with the Cybertruck.
- placeholderTest 3y ago> If Tesla presented its numbers the same way that Toyota and Ford did, they would both have higher profits-per-car than Tesla despite selling many cheaper cars No they would not, and this is a ridiculous thing to say if you had taken even 5 minutes to look at the earning reports of these companies. Even when accounting for the small differences between car manufacturers on how they make their per-car-profit calculation, they still report their total earnings the same way. 2022 Tesla made $13B selling 1,3 million cars. 2022 Toyota made $18B selling 10,5 million cars. 2022 Ford lost $2B selling 4.2 million cars. 2021 Ford made $17.9B selling 3.9 million cars. (added Ford's 2021 result for a better comparative) Every car manufacturer does some slight variation on how they get their margins per car figure, but it does not account for major difference you think they do.
- red-iron-pine 3y agonot just the profit on trucks, they're the overall number 1 selling vehicle in the US, and are popular elsewhere. desert warlords love their tacoma/hilux... but yeah that's where the money is.