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How do the strategies of General Motors, Ford, and Tesla differ? GM and Ford's return on equity (based on net income from continuing operations) for
How do the strategies of General Motors, Ford, and Tesla differ? GM and Ford's return on equity (based on net income from continuing operations) for the 2022 fiscal year was approximately 14% while Tesla's return on equity over roughly this same period was 30%. An accounting lecturer was intrigued by these ratios because of Tesla stock's significant outperformance relative to both GM and Ford. What is driving the financial performance of these three companies? You are provided with a spreadsheet with summarized financial information
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