Tesla's revenue by segment 2019

Total revenues for automotive company Tesla Inc. surpassed 24.5 billion U.S. dollars in 2019 with automotive sales accounting for almost 20 billion U.S. dollars. Tesla Inc., which began as Tesla Motors in 2003, is the best-selling brand of plug-in electric vehicles.

No loss on vision

Elon Musk has come under criticism for prioritizing company operations over capital. Despite being the top-selling electric-vehicle manufacturer in the world, Tesla continues to operate at a loss. The lack of large-scale assembly lines had previously prevented mass production that is necessary to boost profit. It is suggested that a European factory will be required to compete in what is projected to become the largest EV market in the world. A new production plant opened in China is expected to increase profit margins, particularly in Tesla’s second largest market. China is currently the largest electric vehicle (EV) market and home to Tesla’s largest competitors, including BYD, Volkswagen, and General Motors.

Tesla's revenue between FY 2018 and FY 2019, by segment

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Release date

February 2020



Survey time period

FY 2018 and FY 2019

Supplementary notes

The figures have been rounded.

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