How Tesla Stacks up to its Rivals as of Q1: Not so Well
While Tesla held the title for having industry-leading profitability among mass-producers of passenger cars for 2021 and 2022, it was supplanted by Mercedes-Benz and BMW in Q1 (see Figures 3 & 4 below). Two factors led to this change: (1) Tesla’s aging line-up forced Elon Musk to slash prices on all…