Tesla - R&D spending 2010-2019

Tesla's R&D spending dropped by around eight percent to 1.34 billion U.S. dollars in 2019. The intensity of investment in recent years has made Tesla the leading electric vehicle manufacturer in the United States.

Tesla’s strategy

Tesla distinguishes itself from its domestic competitors by focusing on electric vehicles. It is currently one of the leading companies globally for electric vehicle sales and has even tapped into the luxury car market. Tesla's vehicles have some of the best battery ranges as of 2019. To a certain extent, Tesla increased R&D efforts to also enhance battery quality and range for their electric vehicles.

The Musk effect

Elon Musk, the CEO and Product Architect of Tesla, was the highest-paid CEO in the United States in 2018. Faith in Tesla and Mr. Musk himself translated into a market valuation of over 100 billion U.S. dollars on January 22, 2020. However, common stockholders have not yet seen positive returns on their money.

Tesla's research and development expenses from FY 2010 to FY 2019

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Source

Release date

February 2020

Region

Worldwide

Survey time period

FY 2010 to FY 2019

Supplementary notes

The figures for 2010 through 2018 were taken from a previous annual report.
The values have been rounded.
For the fiscal years ending December 31.

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