Tesla More Profitable Than GM + Ford
ESA Car Keys | During 2022, Tesla earned profits of $12.6B on revenues of $81.5B, making the automaker more profitable than GM and Ford combined.
ESA Car Keys | During 2022, Tesla earned profits of $12.6B on revenues of $81.5B, making the automaker more profitable than GM and Ford combined.
ESA Car Keys: A brutal December had the US Auto Market finishing 2021 just under 15 million units, according to NADA, up 3.1% annually.
ESA Car Keys | Toyota finished the second quarter atop the US auto market on the strength of its microchip stockpile, surpassing GM for the first time ever
ESA Car Keys | GM raises its outlook as microchip availability will provide a boost to production and inventory for the US auto market this summer.
ESA Car Keys | 4Q auto sales declined 2.3% year-over-year, and the US market finished the 2019 year at 17.1M units, down 0.7%. This marks five consecutive years of 17M+ units sold. Consumers spent more overall on automotive purchases.
General Motors Co. is abandoning its decades-old practice of reporting monthly auto sales, saying a 30-day period doesn’t provide an adequate snapshot of the company’s complex business or the broader industry.
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