Lex: Tesla is not a car company but it does a good impersonation

Lex is the flagship investment column of the Financial Times and has been published since 1945. OPINION Tesla’s rising profitability sets it apart among carmakers. Rivals such as Volkswagen and Stellantis have warned of a squeeze from weaker demand and rising costs.

General Motors’ electric vehicles are still loss-making. But there is another thing that sets Tesla apart: against its peers, it is barely a carmaker at all. True, Elon Musk’s company reported $20 billion (NZ$33.



4b) of vehicle sales in the third quarter..