Tesla earns 8 times more profit than Toyota per car

 

Tesla earns 8 times more profit than Toyota per car

NAGOYA -- It's not easy being the world's top automaker.
 
Toyota Motor builds a wide range of cars and trucks, many of which are mass-market gasoline-powered models. It has invested heavily in fuel cells, hoping to make the technology the next big thing.
 
Yet on electric vehicles, the auto industry's cutting edge, Toyota is invariably measured against front-runner Tesla.
 
And the comparisons can be unflattering. Tesla earned eight times as much profit per vehicle as Toyota in the July-September quarter despite being outsold more than 7 to 1, a Nikkei analysis shows.