Tesla - R&D spending 2010-2020

Tesla's research and development spending increased to almost 1.5 billion U.S. dollars in 2020. The intensity of investment in recent years has made Tesla the leading electric vehicle manufacturer in the United States. Globally, the company sold just under half a million vehicles in 2020.

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 had some of the best battery ranges in 2019. To a certain extent, Tesla increased R&D efforts to also enhance battery quality and range for their electric vehicles.

The path forward

Tesla became the fastest growing brand worldwide in 2021. At the end of 2020, common stockholders saw positive returns on their investments for the first time. The company continues to expand its model range throughout 2021.

Tesla's research and development expenses from FY 2010 to FY 2020

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Source

Release date

January 2021

Region

Worldwide

Survey time period

FY 2010 to FY 2020

Supplementary notes

Quarterly values for 2020 have been added up.
The figures for 2010 through 2019 were taken from previous annual reports.
The values have been rounded.
For the fiscal years ending December 31.

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