Tesla vs its Major Rivals Based on Q1 Results & Outlook

A look at how badly Tesla is trending post-Q1 results versus its rivals

May 19, 2023

∙ Paid

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…

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