News > Tesla trying to undercut EV prices of competitors in, to rely on record profits that it has raked in so far

Tesla trying to undercut EV prices of competitors in, to rely on record profits that it has raked in so far

Compared to its international competitors, Tesla makes more money from each vehicle it sells. Elon Musk now plans on using this higher profitability as a weapon in the EV pricing war that Tesla initiated. A review of industry statistics reveals that Tesla, which saw some of the largest financial losses in the car industry in the past before it became profitable, has established a commanding lead over most of its main competitors in terms of profit per vehicle.