Tesla earns 5 times more per car than Toyota, earnings show

EV maker catching up to Japan's top automaker in net profit

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Tesla electric vehicles at a sales and service center in California. The U.S. EV maker has a limited lineup of just four high-end models. © Reuters

KEI MIYATA and YUKI FUKUMOTO, Nikkei staff writers

NAGOYA, Japan -- Toyota Motor earned less than a fifth in per-vehicle earnings compared with Tesla during the April-December period as Japan's giant automaker struggles to absorb rising costs.

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