Tesla’s revenue grew to nearly 96.8 billion U.S. dollars in the 2023fiscal year, an 18.8 percent increase from the previous year. The United States is Tesla's largest sales market.
Revenue rises on model additions
More than 78.5 billion U.S. dollars of the company's revenue is generated from Tesla's automotive segment, which includes the design, manufacturing, and sales of vehicles. As of March 2020, the electric vehicle (EV) maker has a model range that includes the Tesla Model S, Tesla Model X, Tesla Model 3, and the Tesla Model Y. The production of the anticipated Cybertruck, the brand's light truck model, has been delayed. Production for the model started in November 2023.
Model 3 legacy
The Model Y has emerged as Tesla's best-selling vehicle, leading the ranking in worldwide plug-in vehicle sales in 2023. In June 2021, the Model 3 became the first electric car to pass one million global sales.
Much of Tesla’s spending has specifically been on production of its Model 3 and Model Y, a strongly popular vehicles with high demand. One response to this surge in popularity for the Model 3 was Tesla’s 2018 purchase of land for the construction of a Gigafactory in Shanghai, China. A factory within China provides Tesla steady access to the Chinese electric vehicle market, a consistency welcomed in the midst of tensions between the U.S. and China over trade policies.
FAQs
Tesla's total revenue streams reached approximately 96.8 billion U.S. dollars in 2023, with automotive sales accounting for over 78.5 billion U.S. dollars. Tesla, which began as Tesla Motors in 2003, is the second best-selling brand of plug-in electric vehicles worldwide.
How many Tesla's have been sold in 2023? ›
What is the current revenue of Tesla? ›
According to Tesla's latest financial reports the company's current revenue (TTM ) is $95.31 B. In 2023 the company made a revenue of $96.77 B an increase over the revenue in the year 2022 that were of $81.46 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
Is Tesla profitable in 2024? ›
Tesla Stock Declines In 2024
Analysts currently expect Tesla earnings per share of just $2.41 in 2024, according to FactSet. That would be a 23% decline vs. $3.12 in 2023. Wall Street's 2024 EPS consensus estimates for Tesla have come down 37% since the end of 2023.
How much is Tesla company worth 2023? ›
History
| Date | Market Cap | % Change |
|---|
| Aug 7, 2024 | 612.60B | -22.45% |
| Dec 29, 2023 | 789.90B | 103.07% |
| Dec 30, 2022 | 388.97B | -63.35% |
| Dec 31, 2021 | 1,061.29B | 58.66% |
11 more rowsNet income attributable to Tesla's common stockholders was nearly 15 billion U.S. dollars, while net loss related to noncontrolling interests amounted to 23 million U.S. dollars in 2023. This was the fourth year the company turned a full-year profit, after reaching that goal in 2020.
Who sold the most EVs in 2023? ›
The Tesla Model Y recorded 1,211,601 registrations across 2023. This made it the best-selling model in both the new EV and the overall new-car market.
Why is Tesla stock falling? ›
Coming into Wednesday trading, Tesla stock was down about 19% year to date. Essentially all of that loss has come since Tesla reported weaker-than-expected second-quarter earnings in late July.
Why is Tesla's profit down? ›
Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans. DETROIT (AP) — Tesla's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing.
Is the owner of Tesla a billionaire? ›
Elon Reeve Musk FRS (/ˈiːlɒn/; born June 28, 1971) is a businessman and investor known for his key roles in space company SpaceX and automotive company Tesla, Inc.
Total debt on the balance sheet as of March 2024 : $9.91 B
According to Tesla's latest financial reports the company's total debt is $9.91 B. A company's total debt is the sum of all current and non-current debts.
How many employees does Tesla have? ›
Headquartered in Texas, we operate six huge, vertically integrated factories across three continents. With over 100,000 employees, our teams design, build, sell and service our products in-house.
How many total Teslas have been sold? ›
Tesla sold over 4.97 million vehicles to date. Tesla has manufactured 1.35 million vehicles in the first three quarters of 2023 alone. Tesla's revenue was $71.6 billion in Q1-Q3 2023. 127,855 employees work at Tesla worldwide.
What is the best-selling car in the world in 2023? ›
Tesla's Model Y SUV was the world's best-selling car in 2023. Sales grew 64 percent to 1.22 million units, taking Model Y past the second-place Toyota RAV4. Honda's CR-V bagged third spot, while the Toyota Corolla and Corolla Cross came home fourth and fifth.
What are the results of Tesla 2023? ›
Key Financial Results
Revenue: US$96.8b (up 19% from FY 2022). Net income: US$15.0b (up 19% from FY 2022).
How many Teslas will be built in 2023? ›
In other words, there is a big chance that in 2024 Tesla will produce more than two million electric cars, compared to 1,845,985 in 2023. In this post, we will walk through Tesla's EV manufacturing plants to see what's going on at each of the sites.
