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Analysis of Financial Performance for Tesla: Based on Comparison with General Motors, Ford, and Toyota
- 1 Department of Finance, University of Glasgow, Glasgow, the United Kingdom
* Author to whom correspondence should be addressed.
Abstract
As a matter of fact, the emergence of electric cars and new state-of-the-art technologies is changing the face of the automobile industry. This study compares the financial performance of Tesla with that of Toyota, General as well as Ford. To be specific, the critical financial variables compared are revenue, profitability, and market share over five years: 2019–2023. According to the numbers, Tesla revenues increased by 18.8% yearly, from $24.58 billion in 2019 to $96.77 billion in 2023. However, also in this very regard, Tesla appears to have way higher volatility in profitability than rivals, showing net income that is highly variable. General Motors and Ford both showed slower growth but are accompanied by Toyota, which still indicates good free cash flow margins and less overall volatility in results. This report highlights top automakers' competitive dynamics and strategic positioning, which benefit industry stakeholders and investors. Indeed, with an understanding of these financial trajectories, one can make wise investment decisions and spot future market trends.
Keywords
Financial performance, automotive industry, comparative analysis, Tesla, market Share
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Cite this article
Li,J. (2024). Analysis of Financial Performance for Tesla: Based on Comparison with General Motors, Ford, and Toyota. Advances in Economics, Management and Political Sciences,105,181-188.
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Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
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