2 ms·
> Only Tesla and BYD make a profit on each EV sold. It doesn't matter if they're selling EVs or not. They're car companies. They sell cars. BMW and Mercedes b
by peutetre 2y ago
> Only Tesla and BYD make a profit on each EV sold.
It doesn't matter if they're selling EVs or not. They're car companies. They sell cars.
BMW and Mercedes both sell more cars per year and both have higher profit per vehicle than Tesla:
https://fiatgroupworld.com/2024/04/07/ferrari-makes-even-more-money-in-2023/ https://fiatgroupworld.com/2024/04/07/ferrari-makes-even-mor...
Ferrari makes the most per vehicle but they don't sell many cars.
Toyota, Hyundai, Subaru, Kia, Stellantis, JLR, BMW, Mercedes, Porsche, and Ferrari all had better operating margins than Tesla last year.