Tesla - R&D spending 2010-2018

Tesla continues to increase its spending on research and development: R&D spending reached almost 1.5 billion U.S. dollars in 2018, nearly double the 2016 level. This intensity of investment 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

Startup founders hailed Elon Musk, the CEO and Product Architect of Tesla, as the most inspiring figure in Silicon Valley in 2016. He is also the highest-paid CEO in the United States. 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, suggesting that they see the stock as a long-term investment.

Tesla's research and development expenses from FY 2010 to FY 2018

Costs in million U.S. dollars
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Source

Release date

February 2019

Region

Worldwide

Survey time period

FY 2010 to FY 2018

Supplementary notes

The figures for 2010 through 2015 were taken from a previous annual report.
The values have been rounded.
For the fiscal years ending December 31.

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