EVs, respectively, while the American carmaker’s gross margin globally was 27.9% in the third quarter of 2022, which was the same as that of the preceding second quarter in the year.
Certainly, Tesla is on a much smaller scale when compared to Toyota, as the former reported 936,000 vehicle deliveries in 2021 while the latter reported 9.51 million vehicle deliveries last year . In terms of profit per vehicle sold in the third quarter, Tesla made US$9,570 per vehicle, while Toyota made around US$1,200 per vehicle, according to analysis by“The biggest factor behind Tesla’s profit growth is sales volume, then prices hikes and a rise in self-driving software sales,” SBI Securities analyst Koji Endo was reported as saying.
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