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
(in millions U.S. dollars)
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Tesla. (February 13, 2020). Tesla's revenue between FY 2018 and FY 2019, by segment (in millions U.S. dollars) [Graph]. In Statista. Retrieved July 08, 2020, from https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla. "Tesla's revenue between FY 2018 and FY 2019, by segment (in millions U.S. dollars)." Chart. February 13, 2020. Statista. Accessed July 08, 2020. https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla. (2020). Tesla's revenue between FY 2018 and FY 2019, by segment (in millions U.S. dollars). Statista. Statista Inc.. Accessed: July 08, 2020. https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla. "Tesla's Revenue between Fy 2018 and Fy 2019, by Segment (in Millions U.S. Dollars)." Statista, Statista Inc., 13 Feb 2020, https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/
Tesla, Tesla's revenue between FY 2018 and FY 2019, by segment (in millions U.S. dollars) Statista, https://www.statista.com/statistics/314741/revenue-of-tesla-by-segment/ (last visited July 08, 2020)
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