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Tesla Outstrips Toyota’s Profit by 8 Times Per Car – Nikkei

The US electric vehicle maker surpassed Toyota’s profit despite the Japanese maker selling seven times more cars


Tesla has slashed prices of its vehicles in China for the second time in a few months.
Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker's factory in Shanghai, China. File photo: Reuters.

 

Elon Musk’s Tesla made eight times more profit than Toyota Motor per car in the July to September quarter, Nikkei Asia reported.

The US electric vehicle giant reported a $3.29 billion profit in the quarter, said the report, surpassing Toyota’s $3.15 billion, despite the Japanese maker selling more than seven times as many vehicles.

Read the full report: Nikkei Asia

 

Read more:

Honda Ramps Up EV Push With New China-Only Model

Japan Warns US of Possible Jobs Hit From EV Tax Credit Rules

Nissan-Renault Talks Focus on EV Strength, Equal Partnership

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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