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Could Tesla Overtake Ford and GM in Sales by 2025?

·4 min read
Could Tesla Overtake Ford and GM in Sales by 2025?
In this article:
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While Tesla (NASDAQ: TSLA) has been compared to legacy automakers for years, many people thought the company would never catch up to them. Just two years ago, in the first quarter of 2020, Tesla produced a mere $5.1 billion in automotive revenue, far behind General Motors' (NYSE: GM) $32.7 billion and Ford Motor Company's (NYSE: F) $34.3 billion. In Q1 2022, Tesla began closing the gap and generated $16.9 billion in automotive sales versus GM's $36 billion and Ford's $34.5 billion.