Part 1/7:
Tesla's Resurgence and the Struggling German Automakers
Tesla's Impressive Growth and Profitability
Tesla is back on a growth trajectory, outperforming many other automakers. In China, Tesla's sales numbers for week 45 hit a new record of 17,200 units, up from 12,700 the previous year. This has allowed Tesla to close the gap and now lead last year's sales numbers in China by nearly 40,000 units.
Despite claims that Tesla's price cuts are hurting its bottom line, the data tells a different story. Tesla reported the fourth-highest Q3 net profit among major automakers, up 16% year-over-year. In contrast, other companies like Toyota and Volkswagen have seen significant declines in their net profits.