Tesla Revenue and Growth Statistics (2024)

Key Tesla user stats. Includes data on market cap, revenue, profit/loss, investments, number of employees, and more.
Last updated on:
December 29, 2023
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Key stats about Tesla in 2022

  • Tesla sold 1,313,851 electric cars in 2022
  • Tesla’s market cap decreased 63% from $1.04T in FY21 to $385.55B in 2022
  • Tesla’s 2022 revenue was $81.462B, a 51.35% increase from 2021
  • Tesla’s profit for the fiscal year 2022 was $12.583 billion, a 127.79% increase from 2021
  • Tesla’s gross profit for the fiscal year 2022 was $20.853 billion, a 53.26% increase from 2021
  • Tesla’s operating income for the fiscal year 2022 was $13.656 billion, a 109.35% increase from 2021
  • Tesla’s EBITDA for the fiscal year ending September 30, 2022, was $17.403 billion, an 84.47% increase from 2021
  • Tesla has 42,419 Superchargers in 4,678 stations worldwide as of 2022, with an average of over 9 chargers per station.
  • USA has most Tesla supercharger stations (37.88%).
  • Tesla workforce exceeded 100,000 in 2022.
  • Research found 83% of Tesla owners were male, compared to 49% of other vehicle owners.

Tesla Company Overview

Take a quick look at Tesla as a company. At a glance:

Tesla EVs marketing and operations at a glance

Tesla has about 70% market dominance in battery-powered electric vehicle sales in the United States.

The most popular EV vehicle in the US is the company’s flagship Model 3.

Since its IPO in 2010, Tesla has grown significantly, earning the reputation of a gold standard along the way.

In October 2021, its market cap has surpassed $1 trillion for the first time.

Tesla has transitioned over time from creating specialized items for wealthy consumers to producing more accessible EVs for the general public.

The company distinguishes itself from other automakers with its three-pronged business model approach of direct sales, servicing, and charging its EVs.

Tesla is much more than simply a car manufacturer; it is hailed as the renewable energy revolution in the auto industry.

Source: Macro Trends

Tesla Valuation (Market Cap)

As of 2022, Tesla has a market capitalization of $385.55 billion, a significant decrease of 63% from its FY21 market capitalization peak of $1.04 trillion.

Grapha about Tesla Valuation

Source: Macro Trends

Tesla Revenue

  • Tesla’s revenue for the fiscal year 2022 was $81.462 billion, a 51.35% increase compared to 2021.
  • Tesla’s annual revenue in 2021 was $53.823 billion, a 70.67% increase over 2020.
  • Tesla’s annual revenue in 2020 was $31.536 billion, a 28.31% increase over 2019.
  • Tesla’s annual revenue in 2019 was $24.578 billion, a 14.52% increase over 2018.
Graph about Tesla Revenue

Source: Macro Trends

Tesla’s domestic and international revenue

Revenue generated by Tesla increased to around 54 billion U.S. dollars in the 2021 fiscal year, with the United States spearheading demand.

The U.S. generated about 24 billion U.S. dollars in revenue for Tesla, just under 45% of the overall total.

This compares to revenue of almost 14 billion U.S. dollars from sales in China, the second-largest revenue generator.

Source: Statista

Tesla Income

Tesla Inc. didn’t start turning an Income (Gain) from its electric cars until 2020.

  • Tesla’s profit for the fiscal year 2022 was $12.583 billion, a 127.79% increase from 2021.
  • Tesla’s annual Income in 2021 was $5.519 billion, up 665.46% from 2020.
  • Tesla’s annual Income in 2020 was $0.721 billion, a 183.64% drop from 2019.
  • Tesla’s Income for 2019 was $-0.862 billion, an 11.68% decrease from 2018.

Tesla Profit/Loss

Tesla Inc. didn’t start turning a profit from its electric cars until 2020.

  • Tesla’s gross profit for the fiscal year 2022 was $20.853 billion, a 53.26% increase from 2021.
  • Tesla’s annual profit in 2021 was $5.519 billion, up 665.46% from 2020.
  • Tesla’s annual profit in 2020 was $0.721 billion, a 183.64% drop from 2019.
  • Tesla’s profit for 2019 was $-0.862 billion, an 11.68% decrease from 2018.
Graph about Tesla Profit/Loss

Source: Macro Trends

Tesla Income

Tesla Inc. didn’t start turning an Income (Gain) from its electric cars until 2020.

  • Tesla’s profit for the fiscal year 2022 was $12.583 billion, a 127.79% increase from 2021.
  • Tesla’s annual Income in 2021 was $5.519 billion, up 665.46% from 2020.
  • Tesla’s annual Income in 2020 was $0.721 billion, a 183.64% drop from 2019.
  • Tesla’s Income for 2019 was $-0.862 billion, an 11.68% decrease from 2018.

Tesla Gross Profit

  • Tesla’s gross profit for the fiscal year ending September 30, 2022, was $19.923 billion, an increase of 84.05% year on year.
  • Tesla’s annual gross profit for 2021 was $13.606 billion, up 105.22% from 2020.
  • Tesla’s annual gross profit in 2020 was $6.63 billion, up 62.94% from 2019.
  • Tesla’s annual gross profit in 2019 was $4.069 billion, up 0.67% from 2018.
Graph about Tesla Gross Profit

Source: Macro Trends

Tesla Operating Income

  • Tesla’s operating income for the fiscal year 2022 was $13.656 billion, a 109.35% increase from 2021.
  • Tesla’s annual operating income in 2021 was $6.523 billion, a 227.13% increase over the previous year.
  • Tesla’s annual operating income in 2020 was $1.994 billion, a 2989.86% decrease from 2019.
  • Tesla’s annual operating income for 2019 was $-0.069 billion, representing an 82.22% decrease from 2018.

Source: Macro Trends

Tesla EBITDA

  • Tesla’s EBITDA for the fiscal year ending September 30, 2022, was $17.403 billion, an 84.47% increase from 2021.
  • Tesla’s annual EBITDA in 2021 was $9.434 billion, up 118.58% from 2020.
  • Tesla’s annual EBITDA in 2020 was $4.316 billion, a 107% increase over 2019.
  • Tesla’s annual EBITDA in 2019 was $2.085 billion, a 24.7% increase from 2018.

Source: Macrotrends

Tesla Funding

Tesla has raised a total of $20.2 billion in funding over 37 rounds. Their latest funding was raised on Jun 30, 2022, from a Post-IPO Equity round.

Source: Crunchbase

Tesla Investors

Tesla is funded by 43 investors. Soros Fund Management and Industrial and Commercial Bank of China are the most recent investors.

Source: Crunchbase

Tesla Investments

Tesla has made 2 investments. Their most recent investment was on Nov 16, 2022, when Aescape raised $30 million.

Source: Crunchbase

Tesla Acquisitions

Tesla has acquired 9 organizations. Their most recent acquisition was Springpower on May 4, 2021.

Source: Crunchbase

How many Tesla vehicles have been sold?

Tesla sold 936,222 vehicles globally in 2021, a growth of 87% over the previous year.

As of 2022, Tesla has sold 1,313,851 electric vehicles. No other car manufacturer has achieved such success in the electric car market. This is a testament to Tesla’s commitment to innovation and sustainability. They continue to push the boundaries of what is possible in the automotive industry, setting the standard for the future of electric vehicles.

Graph about number of Tesla vehicles sold

Source: Licarco

Tesla EVs sales in the US

Nearly 340,000 of the more than 525,000 EVs registered in the US during the first nine months of 2022 were Tesla’s EVs.

In terms of deliveries in the first quarter of 2021, the Tesla Model Y was the most popular electric vehicle in the United States.

The first quarter of 2021 saw the delivery of 48,364 Model Y vehicles. The Tesla Model 3 comes in second with 26,983 quarterly deliveries in the country. In the first quarter of 2021, all Tesla models combined accounted for 74.49% of all US electric vehicle deliveries.

Infographic about Tesla EVs sales in the US

Source: Electrek

Tesla sales in China

Tesla has sold 655,069 vehicles manufactured in China this year, up 63 percent from the 402,231 sold in the same period last year.

Those figures, however, require some explanation. Not every car manufactured in Shanghai is sold to a Chinese customer.

Offering two MIC models: Model 3 and Model Y. The Tesla Model 3 wholesale (including retail sales in China and export) totaled 31,193, while the Tesla Model Y totaled 69,098. Local Tesla Model 3 sales in China totaled 10,069 units (compared to over 21,000 units exported).

In the case of the Tesla Model Y, local sales surpassed 52,000 units, compared to nearly 17,000 exported.

Infographic about Tesla sales in China

Source: Clean Technica, Inside EVs

Tesla sales in Europe

Tesla’s vehicles have frequently become the best-selling vehicles in certain European markets over the years.

According to JATO Dynamics, Tesla’s market share in Europe will be around 1.7% this year, rising to between 1.8 and 2.1% the following year. Last year, European sales were slightly less than 12 million.

Infographic about Tesla sales in Europe

Source: Forbes

Tesla EVs delivery stats

Approximately 343,800 Tesla EVs were delivered to consumers in the third quarter of 2022.

Deliveries of the Model S and Model X saw a 15.5 percent increase in volume during the second quarter of 2022, while deliveries of the Model 3 and Model Y increased to just under 325,200 units.

Graph about Tesla EVs delivery stats

Quarterly Stats of Tesla EVs S/X model delivery

Quarterly Stats of Tesla EVs 3/Y model delivery stats

Source: Statista, Tesla

How many Tesla vehicles have been produced?

In 2021, Tesla produced 938,172 vehicles. In 2021, the Tesla Model 3 sold 501,000 units worldwide.

Tesla Model 3 and Model Y deliveries accounted for 97% of Tesla’s sales volume in 2021. Tesla produced 386,759 EVs in the first and second quarters of 2021.

In 2022, Tesla produced 1,369,611 electric vehicles (EVs) and delivered 1,313,851 of them successfully.

Graph about number of Tesla vehicles made

Source: Tesla, CNBC, Tesla

How many Tesla Supercharger locations are there? (Tesla Active superchargers Stations)

Tesla operates 42,419 Superchargers in 4,678 stations worldwide as of 2022. On average, each station has more than 9 chargers.

North America has 1,772 stations, Asia/Pacific has 1,801 stations, and Europe has 897 stations. As of October 2021, Tesla has 3,059 Supercharger stations spread over more than 40 nations.

Graph about number of Tesla active superchargers stations

Source: Tesla, Supercharge Info, Tesla

Tesla Supercharger stations by country

The United States of America has the most Tesla supercharger stations in the world, accounting for 37.88% of the total.

Followed by the US, China is the second country with most Tesla Supercharger stations: 846 stations, meaning 27.65% of the total stations.

Canada and Germany are also countries that have many Tesla Supercharger stations: 125, respectively 103.

Source: supercharge.info

How many Tesla manufacturing facilities are there?

As of 2022, Tesla has seven plants worldwide. The company’s first manufacturing facility is the Fremont Factory.

They manufacture lithium-ion batteries at the original “Tesla Gigafactory” in Giga Nevada thanks to a partnership with Panasonic. Electric vehicles are not produced by Giga New York; rather, it makes solar panels.

The Giga Shanghai is the fourth and first factory Tesla constructed outside of the United States. This Chinese manufacturer has been making electric automobiles since 2019. In 2022, production of EVs commenced at the final two gigafactories, Giga Texas and Giga Berlin.

The company will be able to double its product selection and more than double its manufacturing capacity with the aid of Tesla’s new plants in Austin, Texas, and Berlin, Germany. The newest Tesla facility is located close to Giga, Nevada, where the company has started producing Tesla Semi vehicles. On the inside, it is also referred to as the “Tesla Semi Factory.”

The final manufacturing site for the electric truck will probably be in Giga, Texas, once Tesla has finished ramping up production there.

The Tesla manufacturing facilities are listed in the table below.

Source: Licarco

How many people work at Tesla?

  • In 2022, Tesla’s entire workforce count hit the landmark of 100,000+.
  • The overall number of employees at Tesla in 2021 was 99,290, up 40.33% from the previous year.
  • Tesla had a total of 70,757 employees in 2020, up 47.36% over the previous year.
  • The overall number of Tesla employees in 2019 was 48, 016, a decrease of 1.64% from 2018.
  • Tesla has 48,817 total employees in 2018, up 30.03% from the previous year.
Graph about Tesla number of employees

Source: Macro Trends, Reuters

How does Tesla make money?

Tesla made $53.8 billion in 2021 from its products and services. Generating revenue from its core 4 business segments: sales and services (automotive and energy generation and storage sales), automotive leasing, energy generation and storage leasing.

Infographic about how Tesla makes money

Who are the founders of Tesla?

Martin Eberhard, Marc Tarpenning, Ian Wright, Elon Musk, and JB Straubel rebranded and cofounded Tesla Inc.

Martin Eberhard, Marc Tarpenning, Ian Wright, and JB Straubel, among others, have all departed the massive EV manufacturer, leaving Elon Musk as the primary owner of the American EV manufacturer Tesla Inc.

What is the net worth of Tesla founders?

  • Elon Musk
  • Elon Musk cofounded six companies including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.
  • He owns about 25% of Tesla between stock and options but has pledged more than half his stock as collateral for loans.
  • SpaceX, founded in 2002, is worth $127 billion after a funding round in May 2022; it quadrupled its value in three years.
  • Boring Company, which aims to defeat traffic, raised $675 million in April 2022 at a $5.7 billion valuation.
  • Twitter’s board agreed to sell the company to Musk for $44 billion in April 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.
  • The deal closed in October 2022 after Musk tried to back out and Twitter sued. Musk now owns an estimated 74% of the company.

History of Elon Musk’s net worth

Source: Forbes

What is Tesla’s market share in the Electric Vehicle production industry?

The EV market is clearly dominated by Teslas. According to reports, Tesla controls between 65% and 85% of the newly registered electric vehicle market. Tesla vehicles accounted for nearly 340,000 of the more than 525,000 EVs registered in the United States during the first nine months of 2022. Tesla’s dominance in the luxury EV market (over $50,000) is even clearer, with an 85% market share.

Infographic about Tesla market share in EV production industry

Source: Electrek, CNBC

What models of Tesla EVs are there?

Tesla Customers Demographics (Age, Gender, etc)

Research revealed that the majority of Tesla owners are male. In comparison to 49% of drivers of all other vehicles, 83% of drivers in this group were men.

Infographic about Tesla Customers Demographics

Additionally, Tesla owners tend to be younger; roughly 70% of Tesla drivers are 34 or younger, mostly belonging to the millennial and generation Z eras.

Infographic about Tesla Customers Demographics

Source: The Manual

Tesla EVs Launch Date and Production Locations

Source: Licarco

What are Tesla’s other products and services?

Tesla is well-known for its EVs, including the Tesla Model Y, Model 3, Model X, Model S, Cybertruck, Tesla Semi, and Tesla Roadster.

Tesla also installs and maintains energy systems, sells solar energy, and provides end-to-end clean energy products such as generation, storage, and consumption.

Source: Global Data

Where is Tesla available? (In which countries does Tesla currently sell its products and services?)

  • Tesla Stores and Galleries are found in the United States, Puerto Rico, Mexico, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Luxembourg,  Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Australia, China Mainland, Taiwan, Macau, Hong Kong, Japan, New Zealand, South Korea, Jordan.
  • Tesla Service Centers are found in the US, Puerto Rico,  Mexico,  Canada,  Austria, Belgium, Croatia, Czech Republic,  Denmark,  Finland,  France,  Germany, Greece,  Hungary,  Iceland,  Ireland,  Italy,  Luxembourg,  the Netherlands, Norway,  Poland,  Portugal,  Romania,  Slovenia,  Spain,  Sweden,  Switzerland,  United Kingdom,  Australia,  China Mainland,  Taiwan,  Macau,  Hong Kong,  Japan.

Source: Tesla

Tesla FAQ

How many days does it take Tesla to supply its vehicles?

In 2021, it took Tesla only 6 days to supply their vehicles.

How long can a Tesla stay on with a full charge?

On average, Tesla car batteries last for 336 miles on a single charge. The lowest-range Tesla, the Model 3, lasts for 267 miles, while the longest-range Tesla, the Model S, lasts for 405 miles.

Do Tesla cars work in the cold?

Your Tesla vehicle has several features designed specifically for cold temperatures. Learn how you can enhance your cold weather driving experience by following tips such as staying plugged in and preconditioning your battery before each trip.

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