Tesla Soars Past Mercedes-Benz in Earnings and Valuation Despite Slower Sales Growth
- Tesla earned $15 billion in 2022, a 19% increase over prior year
- Mercedes-Benz earned €14.26 billion ($15.47 billion) in 2022, a 1.7% decline
- Tesla is valued at $617 billion; Mercedes is valued at $78 billion
- Analysts expect much faster sales growth for Tesla (81% by 2027) than Mercedes (11%)
- Mercedes can still produce combustion engines into next decade unlike Tesla