How Profitable Are EV Makers in Q3 2023?
The third-quarter financial reports of U.S.-listed EV makers have come to a close. Looking at the performance in Q3, $Tesla (TSLA.US)$'s vehicle sales were only 435,059 units, marking a 6.7% decrease compared to the previous quarter, ending a five-quarter streak of growth in vehicle sales.
On the other hand, $Li Auto (LI.US)$ achieved consistent growth in net profit, surpassing Tesla in gross profit margin. $NIO Inc (NIO.US)$'s automotive gross profit margin also increased in Q3 compared to the previous quarter, reaching 11%.
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WorldwideNicole :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Winner takes all : really? nio making gross profit per car??
151097753 : On Redacted they were talking about a letter from 4000 car dealers in USA to President Biden. :
Stop pushinh EVS. Even with subsidies we cannot sell Them.. The EVs sit on the lot for up to 12 months
Tonyco : That's because the dealers all want 80k+. If they really want EV sales they must be sub 25k. Whatever company that does this inthe US will be the next Honda/Toyota/Tesla