Tesla's revenue by segment 2020

Tesla's total revenue streams reached some 31.5 billion U.S. dollars in 2020 with automotive sales accounting for over 26 billion U.S. dollars. Tesla, which began as Tesla Motors in 2003, is the best-selling brand of plug-in electric vehicles worldwide.

New models drive automotive sales segment growth

Tesla delivered almost 500,000 new vehicles to customers in 2020. That year, the new Model 3 and Model Y products accounted for almost 90 percent of shipments. Automotive sales are Tesla's strongest growth driver, accounting for about 83 percent of revenue in 2020. Automotive sales revenue increased by more than 30 percent year-on-year.

No loss on vision

Tesla produced operating profit for the first time in 2020. The implementation of large-scale assembly lines is suggested to gain momentum with a European factory: Tesla is investing in a new manufacturing plant in Berlin-Brandenburg. In addition to this, China is expected to become Tesla’s second largest market. China is currently the largest electric vehicle (EV) market and home to some of Tesla’s largest competitors.