NAGOYA -- Tesla earned eight times as much profit per vehicle as Toyota Motor in the July-September quarter despite being outsold more than 7 to 1, a Nikkei analysis shows, putting the American electric-vehicle maker ahead in quarterly net profit for the first time since going public in 2010.
Automobiles
Tesla earns 8 times more profit than Toyota per car
Focus on few, higher-priced models puts EV maker in lead on net earnings
A Model Y electric vehicle at a Tesla Gigafactory in Germany. The company has focused solely on EVs at the upper end of the market. © Reuters
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