Some other context

As of Q3 2022, Tesla’s profit margins stand out significantly compared to its competitors:

Gross profit per car: $15,653 Net profit per car: $9,574

In comparison, other major automakers have lower profit margins:

General Motors (GM): Gross profit per car of $3,818 and net profit per car of $2,150.

Toyota: Gross profit per car of $3,925 and net profit per car of $1,197.

Volkswagen (VW): Gross profit per car of $6,034 and net profit per car of $973.

Hyundai: Gross profit per car of $5,362 and net profit per car of $927.