BYD Can Take the Lead in EV Deliveries. Tesla Will Pass Toyota in a More Important Race.
Wall Street projects Tesla’s 2023 sales will come in at almost $120 billion. Operating profit and free cash flow are projected to be about $22.6 billion and $14.1 billion respectively.
If all Wall Street estimates are met, the $22.6 billion in operating profit for Tesla would be enough to top Toyota ™. Analyst project Toyota will generate about $22.3 billion in 2023 operating profit.
Right now, Toyota generates the most operating profit of any auto company on the planet. Analysts expect the total to be about $20.1 billion in 2022.