Sure, but the big difference in my mind is that they both started in mass market segment and then eventually added separate luxury brands to their portfolio.
Tesla started pretty high end and are trying to move down into the mass market.
Tesla started pretty high end and are trying to move down into the mass market.
Porsche, Audi, Bugatti, and Lamborghini are all part of the VW group. VW is majority owned by the Porsche-Piëch family.
Toyota has Lexus.
Selling only luxury cars sounds appealing in terms of profit margin, but the automotive industry has a lot of complex systems with high development costs where economies of scale come into play.