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I just saw the headline “Tesla’s profit per vehicle drops 40%, within Toyota’s striking range.” Now, I’m not sure why this came out as news at the moment, as it’s been a while since Tesla’s 2025 financials came out, but I didn’t remember the company’s profit per vehicle declining so much, so it intrigued me and I had to look into it.

This is what I’m finding regarding Tesla’s net profit per vehicle:

2025 — $2,140

2024 — $3,570