Quote from Ndubuisi Ekekwe on September 10, 2023, 1:55 PM

Tesla and Toyota are iconic brands, and two of the world's most valuable automakers.  While Tesla commands a market capitalization of about $840 billion, Toyota's goes for about $270 billion. When each sells cars, Tesla earns 8 times more profit than Toyota per car.  Also Tesla only sells EVs, while Toyota offers a variety of vehicles including SUVs, sedans, coupes, hatchbacks, and minivans.

On pricing, over the last two years, Tesla has improved its pricing, making a Model 3 as affordable to own and operate as a Toyota. Yet, Toyota is more profitable than Tesla by a lot. Notwithstanding, we can see that Tesla is ascending as the car of the future.