Toyota Outshines Tesla as King of Profitability, Ending Nearly 2-Year Reign

Tesla Triumphs in the Californian Market In the sunny state of California, a paradigm shift is driving down the freeway. The traditional reign of Toyota in the Golden State’s automobile market has been eclipsed by a new front-runner – Tesla. With the Model Y and Model 3 topping the sales charts, selling 74,765 and 41,718 units respectively, Tesla’s dominance has surpassed the confines of the electric vehicle (EV) sector. Battery-electric vehicles (BEVs) seized a record-breaking market share of 21.1% in California, as of June 2023. The surge in sales underscores a fundamental shift towards eco-conscious consumption. Tesla led the Q2 … Continue reading Toyota Outshines Tesla as King of Profitability, Ending Nearly 2-Year Reign