Photo Credit:Fair Use [17 U.S.C. § 107]

Here's How Much Profit Tesla Makes on Each EV It Manufactures (Spoiler Alert: The Number Is Still Shrinking)

22 Oct 2023 | Abstracted from Fool.com

"To be clear: Tesla is still making tons of money on every electric vehicle it produces....Tesla's average revenue per delivered vehicle came in just a tad above $45,100, with the lower-cost Model 3 and Model Y cars accounting for over 96% of those deliveries. The average production cost per electric vehicle rolled in at just under $36,680...That translates to an average gross profit of $8,431 and an overall net profit of $5,328."

ADDITIONAL RELATED NEWS LINKS

• Toyota Unveils Investment Plan in EV Charging Network Ionna


• Tesla's Share of the EV Market Shrinking


• Tesla Owner Debunks Common EV Myth With Single Picture


• BYD's +1,200 HP Ferrari-Slaying Electric Sports Car Spotted Testing At Nurburgring


• EVs Still Have Major Quality Problems, And It's Mostly About The Software


• Tesla Impact Report Reveals Staggering Statistic About Its Supercharger Network: 'Keep On Improving'


• Elon Musk Beware: Rimac's New Verne Brand Is Doing Auto Taxis, Too


• Community Tesla Interview Shows That EV Education Still Has A Long Way To Go


• Long-Range EVs Now Cost Less Than the Average New Car in the US


• On Self-Driving, Waymo Is Playing Chess While Tesla Plays Checkers