Tesla is now making more money than General Motors and Ford. This was pointed out in a recent article by The Street
highlighted this Tesla achievement, noting that the world leader in EVs is taking trophies won by both GM and Ford for decades.
For the longest time, GM and Ford have been the kings of this industry. However, that is no longer true. Yes, they still sell more vehicles than Tesla and rake in more revenue than Tesla, but they no longer make more inTesla reported $3.31 billion in net profit, which is a 658% jump from Q1 2021, when Tesla had earned $438 million in net profit.Meanwhile, in Q1 2022, GM recorded a net profit of $2.93 billion. This is down just over 3% from Q1 2021.
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