
Global Automakers See Profit Per Vehicle Plunge; Tesla's Five-Year Reign Under Threat
In FY2025, profit per vehicle declined across all seven major global automakers. Tesla led for the fifth consecutive year at approximately 348,000 yen ($1,460) per unit, but plunged 40% year-on-year. Toyota followed closely at 341,000 yen, narrowing the gap to under 10,000 yen. BYD ranked third, pressured by purchase tax policy adjustments. GAC Group faces a deepening loss of over 4 billion yuan in H1 2026.
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