Tesla's total revenue streams reached approximately 54 billion U.S. dollars in 2021 with automotive sales accounting for over 44 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 around 936,000 new vehicles to customers in 2021. That year, the new Model 3 and Model Y products accounted for almost 97 percent of shipments. Automotive sales are Tesla's strongest growth driver, accounting for about 81 percent of revenue in 2021. Automotive sales revenue increased by almost 69 percent year-on-year.
No loss on vision
Tesla produced operating profit for the first time in 2020, a value which grew to over 5.6 billion U.S. dollars in 2021. 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.
Tesla's revenue between FY 2019 and FY 2021, by segment
(in millions U.S. dollars)
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Tesla. (February 4, 2022). Tesla's revenue between FY 2019 and FY 2021, by segment (in millions U.S. dollars) [Graph]. In Statista. Retrieved July 05, 2022, from https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla. "Tesla's revenue between FY 2019 and FY 2021, by segment (in millions U.S. dollars)." Chart. February 4, 2022. Statista. Accessed July 05, 2022. https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla. (2022). Tesla's revenue between FY 2019 and FY 2021, by segment (in millions U.S. dollars). Statista. Statista Inc.. Accessed: July 05, 2022. https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla. "Tesla's Revenue between Fy 2019 and Fy 2021, by Segment (in Millions U.S. Dollars)." Statista, Statista Inc., 4 Feb 2022, https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla, Tesla's revenue between FY 2019 and FY 2021, by segment (in millions U.S. dollars) Statista, https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/ (last visited July 05, 2022)