5 Most Profitable Car Companies in the World

Page 5 of 5

1. Tesla, Inc. (NASDAQ:TSLA)

Net Profit in 2022: $12.58 billion

Revenue in 2022: $81.46 billion

Profit to Revenue Ratio: 15.4% 

Tesla, Inc. (NASDAQ:TSLA) is the most profitable car company and the auto manufacturer also reported a massive increase in its profits in 2022, a YoY increase of 227% from 2021. The American car maker is  one of the market leaders in the EV industry, with over 1.3 million vehicles sold worldwide in 2022. The average net profit per car by the manufacturer was $9,574.

Tesla, Inc. (NASDAQ:TSLA) shares have risen 87% this year, bouncing back from a drop of 65% in 2018, driven by a rush for technology and growth stocks, with fears of recession easing. With the continuous rise in demand of EVs, the Texas-based car manufacturer is again set to be one of the most profitable car companies in 2023

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at Top 20 Most Expensive Cars of All Time and 12 Countries that Produce the Most Cars in the World.

Page 5 of 5