Tesla has revolutionized the automotive industry, pioneering electric vehicles. The company’s sales have skyrocketed, reaching 1.32 million car deliveries in the first three quarters of 2023.
Further, Tesla’s net income increased by 700% in 2021 and has steadily increased since then.
With autopilot features, ambitious expansion, and new factories, Tesla managed to get 50th position in the Fortune 500 list of 2023.
Let’s get into the details of the Tesla cars, their production, sales, and 2024 trends in the sections below.
Tesla Statistics 2024: At a Glance
- Tesla produced 1.35 million vehicles and sold 1.32 million as of Q3 2023.
- With 4.96 million vehicles sold since its launch, Tesla sales have only been increasing each year.
- Tesla generated revenue of $71.61 billion as of the third quarter of 2023.
- Tesla’s net income for the twelve months ending September 30, 2023, was $10.793 billion.
- Tesla’s market value is $789.89 billion as of 2024.
- Tesla owns 17% share of the global electric vehicle market.
- Tesla has more than 50,000 superchargers worldwide, with 5,500 supercharger stations.
- Tesla Autopilot has been involved in 736 vehicle crashes since 2019.
About Tesla
| Launched in | 2003 |
| Founders | Martin Eberhard and Marc Tarpenning |
| Owner | Elon Musk (21%) |
| Headquarters | Austin, Texas, U.S. |
| Production | 1.35 million vehicles (till Q3 2023) |
| Sale | 1.32 million vehicles (till Q3 2023) |
| Revenue | $71.61 billion (till Q3 2023) |
| Market cap | $760.68 billion |
| Number of employees | 130,000 |
Tesla Car Production 2024
Tesla produced nearly 1.36 million cars in 2023, upto a quarter-third.
In 2022, the number of Tesla vehicles produced witnessed a huge jump of 400,000 due to the rise in demand for Tesla vehicles.
1) Tesla Produced 430,488 Vehicles In The Third Quarter Of 2023
That is 6.6% less than the number of vehicles produced in Q2 of 2023. However, it is a 25% y-o-y increase compared to the number of vehicles produced in Q3 of 2022.
The company highlighted that it aims to produce 1.8 million vehicles in 2023.
This will be a huge win for Tesla, considering the number of vehicles produced in 2019 was just 365,284. The company witnessed an increase of 1 million vehicles produced in just three years.
Here is a table showing the number of Tesla vehicles produced over the years.
| Year | Number of Tesla vehicles produces |
|---|---|
| Q3 2023 | 430,488 |
| Q2 2023 | 479,700 |
| Q1 2023 | 440,808 |
| 2022 | 1,369,611 |
| 2021 | 930,422 |
| 2020 | 509,737 |
| 2019 | 365,284 |
| 2018 | 254,530 |
| 2017 | 101,027 |
| 2016 | 83,922 |
How Many Cars Did Tesla Sell In 2023?
Tesla sold over 1.32 million vehicles in 2023, up to the third quarter.
Besides, the brand has sold 4.96 million vehicles to date.
With the launch of the Model 3/Y, Tesla sales rose by more than 0.1 million. After observing the number of increases in Tesla sales, it is evident that the company will soon witness sales of more than 2 million Tesla vehicles each year.
2) Tesla Sold 435,059 Cars In Q3 2023
As of Q3 2023, Tesla has already surpassed the sales recorded in 2022,
Tesla made a total sales of 1,324,809 till Q3 of 2023. Meanwhile, in 2022, 1,313,581 Tesla sales were recorded.
Model 3/Y and Model X/S were responsible for most of the Tesla sales made in 2022 and 2023.
In 2008, Tesla managed to sell only 100 cars from the Roadster model. Later, with the launch of Model S, Tesla sales jumped by over 2000.
The following table displays the number of Tesla sales recorded over the past years.
| Year | Total Sales | Vehicle Models |
|---|---|---|
| 2008 | ~100 | Roadster |
| 2009 | ~900 | Roadster |
| 2010 | ~400 | Roadster |
| 2011 | 774 | Roadster |
| 2012 | 3,000 | Roadster, Model S |
| 2013 | 22,477 | Model S |
| 2014 | 31,655 | Model S |
| 2015 | 50,658 | Model S, Model X |
| 2016 | 76,285 | Model S, Model X |
| 2017 | 103,181 | Model X/S, Model 3 |
| 2018 | 245,240 | Model 3/Y, Model X/S |
| 2019 | 367,500 | Model 3/Y, Model X/S |
| 2020 | 499,550 | Model 3/Y, Model X/S |
| 2021 | 936,950 | Model 3/Y, Model X/S |
| 2022 | 1,313,581 | Model 3/Y, Model X/S |
| Q1 2023 | 422,875 | Model 3/Y, Model X/S |
| Q2 2023 | 466,140 | Model 3/Y, Model X/S |
| Q3 2023 | 435,059 | Model 3/Y, Model X/S |
Source: Statista, Tesla, Trdiens technology.
3) Tesla’s Model 3 Is The Best-Selling Electric Vehicle In The World, With Sales Of Over 1.2 Million Vehicles
Launched in 2012, the Tesla Model 3 accounted for 14% of all global electric vehicle sales in 2019. Further, in June 2021, it became the first electric car to reach 1 million units sold.
Model 3 was also the 10th best-selling car in 2021. Experts predict that it could break into the top five within the next few years.
Source: Wikipedia, World Population Review.
Tesla sales by Country
Tesla operates nearly 400 stores and galleries in more than 35 countries worldwide. Its biggest markets as of 2023 are the United States, China and Germany.
Here are further details about the Tesla sales recorded in different countries worldwide.
4) Tesla Sold 510,058 Vehicles In The United States
This was the highest number of vehicles sold in a country in the year.
The second-highest sales of Tesla vehicles in 2022 was recorded in Germany. The country accounted for the sales of 69,961 Tesla vehicles.
Other countries that witnessed the highest Tesla vehicle sales were Norway, Sweden, Switzerland, and Italy.
Here is a table displaying the number of Tesla vehicles sold in different countries worldwide.
| Country | Number of Teslas sold |
|---|---|
| United States | 510,058 |
| Germany | 69,961 |
| United Kingdom | 50,950 |
| Norway | 21,282 |
| Sweden | 9,189 |
| Switzerland | 8,717 |
| Italy | 5,600 |
| Austria | 5,410 |
| Netherlands | 4,874 |
| Spain | 4,597 |
Source: World Population Review.
5) Tesla Sold 267,171 Model Ys In The First Quarter Of 2023, Of Which 94,469 Were Sold In China
China was the top market for Tesla Model Y, the world’s best-selling car in Q1 2023. In the United States and Europe, Tesla sold 83,664 and 71,114 Model Ys, respectively.
Overall, the United States was the biggest market for Tesla, which does not provide a regional breakdown of its global sales.
Musk recently told CNBC that growing tensions between China and the United States “should be a concern for everyone.” Hence, Tesla recently held talks with Indian officials about building a new factory in India.
Source: Reuters.
How many Tesla Cars were delivered in 2023?
Tesla delivered 1.32 million vehicles up to Q3 2023. The number of vehicle deliveries increased from 499k in 2020 to 1,314K in 2022.
Observing the number of Tesla sales and Tesla deliveries, we found that most of the Tesla vehicles are delivered either through express delivery, Carrier delivery, or direct delivery.
6) Tesla Delivered 1,324,000 Vehicles As Of Q3 2023
435,060 Tesla vehicles were delivered in the third quarter of 2023. Meanwhile, the first and second quarters witnessed the delivery of 423,000 and 466,140 Tesla vehicles, respectively.
Besides, in 2022, 1.31 million Tesla vehicle deliveries were recorded. This was an increase of 378,000 compared to the previous year.
Here is a table showing the number of Tesla deliveries recorded over the years.
| Year | Number of Tesla Deliveries |
|---|---|
| 2023(till Q3 2023) | 1,324,000 |
| 2022 | 1,314,000 |
| 2021 | 936,000 |
| 2020 | 499,000 |
| 2019 | 367,200 |
| 2018 | 244,900 |
| 2017 | 103,100 |
| 2016 | 75,900 |
Source: Statista.
Tesla Revenue
Tesla generated a total revenue of $71.61 billion till Q3 2023. The company anticipated that its revenue in 2023 would surpass the figures recorded in 2022.
The same can be seen from the revenue recorded in Q1 to Q3. Hence, we anticipate that Tesla’s total revenue will cross $90 billion in 2023.
7) Tesla Generated Revenue Of $23.35 Billion In Q3 2023
This was an 8.84% YoY increase in revenue. In Q3 2022, Tesla generated a revenue of $21.45 billion.
Besides, in Q2 and Q1 of 2023, Tesla generated $24.93 billion and $23.33 billion in revenue, respectively.
Further, in the previous year, Tesla generated a total revenue of $81.46 billion.
The following table displays further details about the revenue generated by Tesla over the years.
| Year | Tesla’s Revenue |
|---|---|
| 2023 (Upto Q3) | $71.61 billion |
| 2022 | $81.46billion |
| 2021 | $53.82billion |
| 2020 | $31.54 billion |
| 2019 | $24.58 billion |
| 2018 | $21.46 billion |
| 2016 | $11.76 billion |
| 2015 | $7.00 billion |
| 2014 | $4.05 billion |
Source: Tesla, Macrotrends.
Tesla Net Income
Tesla generated net profit for the first time in 2020. In the next year, the company witnessed a 7 times increase in its net income.
Further, in 2022, Tesla witnessed a 127% increase in income.
8) Tesla generated a net income of $1.853 billion in the third quarter of 2023
This was a 43.71% YoY decline compared to net income recorded in Q3 2022.
At the same time, Tesla’s net income for the twelve months ending September 30, 2023 was $10.793 billion.
In 2022, Tesla generated a net income of $12.583 billion. This was an increase of 127.79% compared to 2021.
Here are further details about the net income generated by Tesla over the years.
| Year | Net income |
|---|---|
| 2022 | 12,556 million |
| 2021 | 5,519 million |
| 2020 | 721 million |
| 2019 | -862 million |
| 2018 | -976 million |
| 2017 | -1,962 million |
Source: Statista, Macro trends.
Tesla Market Cap
Tesla’s market cap is $789.89 billion as of 2024.
The company witnessed a 783.42% increase in its market cap in 2020. Its market cap increased from $75.71 billion in 2019 to $668.90 billion in 2020.
Some of the technical factors that boosted Tesla’s market cap were greater retail investor interest in the stock, the inclusion of the S&P 500 index, and a general pivot to higher-growth stocks through the Covid-19 recession.
9) The Market Value Of Tesla Is $789.89 Billion As Of 2024
Tesla has a market cap of $789.89 Billion as ofJanuary 2024. This makes Tesla the 8th most valuable company worldwide based on market cap.
Tesla’s market capital increased by 95.56% in 2023.
Comparatively, its market cap witnessed a downfall of 63.35% in 2022. The market value of Tesla decreased from $1.061 trillion in 2021 to $388.97 billion in 2022.
Here are further details about the Mraket cap of Tesla recorded over the years.
| Year | Tesla’s market cap |
|---|---|
| 2024* | $789.89 billion |
| 2023 | $760.68 billion |
| 2022 | $388.97 billion |
| 2021 | $1.061 trillion |
| 2020 | $668.90 billion |
| 2019 | $75.71 billion |
| 2018 | $57.44 billion |
| 2017 | $52.32 billion |
Source: Companies Market cap, Forbes, Investopedia, Ycharts.
Tesla Market Share
Tesla has made a stronghold in the Electric Vehicle industry worldwide. It is preferred by nearly 2 out of 5 electric vehicle users.
However, due to the unavailability of Tesla vehicles worldwide, its market share dropped in the automotive industry.
Here are further details about Tesla’s market share.
10) Tesla Owns A 17% Share Of The Global Electric Vehicle Market As Of Q3 2023
This is a decline of 3% compared to the previous quarter and a 5% decline compared to Q1 2023.
In Q1 2023, Tesla owned a share of 22% in the global electric vehicle market. This share reduced to 20% in Q2 2023 and 17% in Q3 2023.
This decline brings Tesla’s share in the global EV market to the same level that was recorded at the end of 2022.
The following table provides further details about the market share of Tesla recorded in Q3 2023.
| Electric Vehicle Group | Market share in Q3 2023 | Market share in Q2 2023 | Market share in Q1 2023 |
|---|---|---|---|
| BYD Auto | 17% | 15% | 14% |
| Tesla | 17% | 20% | 22% |
| Volkswagen Group | 8% | 7% | 7% |
| Others | 58% | 58% | 57% |
Source: Counter Point Research.
11) Tesla’s Share In The US Electric Vehicle Market Fell To 50% In The Third Quarter Of 2023
This was nearly down from the 65% market share recorded in 2022.
Tesla had cut prices on its popular models and witnessed a rise in its sales by 20% in Q3. But this wasn’t enough to sustain higher shares in the EV market as the competition grew.
New competitors, including EV startups and traditional automakers like Hyundai, BMW, and Mercedes, have released their electric models.
Source: Invcestopedia.
12) Tesla Owns 4.04% Of The Automobile Market Share In The United States
At the same time, the brand owns 1.12% of the automotive market share worldwide.
This share isn’t bad, considering Tesla is a pure EV manufacturer and operates in just 35 marketers globally.
Here are further details about the automobile market leaders worldwide.
| Automobile brand | Market Share |
|---|---|
| General Motors | 17.09% |
| Toyota Motor Corp | 15.17% |
| Ford Motor Company | 13.92% |
| Stellantis – FCA | 11.66% |
| Hyundai Kia Auto Group | 10.94% |
| Honda Motor Company | 7.35% |
| Nissan Motor Co | 6.14% |
| Subaru Corporation | 4.19% |
| Tesla | 4.04% |
| Volkswagen Group | 3.6% |
| BMW Group | 2.72% |
Tesla Chargers
Tesla’s superchargers are able to recharge for up to 200 miles in just 15 minutes. Plus, they cost less than gasoline, making them more affordable for owners.
They have a maximum charging rate of 250kW and can charge 25% faster with battery reconditioning.
Here are further cool facts about Tesla’s superchargers.
13) Tesla Has More Than 50,000 Superchargers Worldwide
Tesla operates 5,500 supercharger stations with more than 50,000 connectors worldwide.
This is a 33% YoY growth in the number of Tesla chargers worldwide.
The network of chargers is primarily deployed in three regions: Asia Pacific, Europe, and North America.
Here are further details about the number of Tesla superchargers and Tesla stations worldwide.
| Year | Supercharger connectors | Supercharger stations |
|---|---|---|
| 2023(as of Q3) | 50,000 | 5,500 |
| 2022 | 42,419 | 4,678 |
| 2021 | 31,498 | 3,476 |
| 2020 | 23,27 | 2,564 |
Source: Statista.
14) 17,000 Tesla Chargers Are In The United States
The United States has the highest number of Tesla chargers worldwide. China and Canada closely follow it.
Meanwhile, the United Kingdom has 1,100 Tesla chargers in the country.
The following table provides the number of Tesla chargers located in different countries globally.
| Country | Number of Tesla Chargers |
|---|---|
| United States | 17,000 |
| China | 1,500 |
| Canada | 1,490 |
| United Kingdom | 1,100 |
| South Korea | 570 |
| Italy | 400 |
| Germany | 157 |
| France | 100 |
| Norway | 100 |
| Sweden | 42 |
Source: Inside EVs, US news, Electric Autonomy, Tesla.
How much does it cost to charge a Tesla?
The cost of charging Tesla may vary according to your vehicle model and the country you are in. However, on average, you can charge your Tesla car fully for $16.
Charging your Tesla vehicles up to 80% is sufficient as you can cover long drives with that.
Here are further details about the cost required to charge your Tesla vehicles.
15) On Average, Charging Tesla Vehicles Costs $15.52
However, depending on the car model, charging a Tesla may cost between $10.95 to $18.14
Tesla costs less than 5 cents per mile compared to other electric vehicles.
Here are further details about the costs required to charge Tesla vehicles.
| Tesla Car Model | Cost to fully charge |
|---|---|
| Model 3 | $10.95 |
| Model S | $17.83 |
| Model X | $17.99 |
| Model Y | $17.99 |
Source: Energysage.
Tesla Car Accidents
A recent study by the University of California, Berkeley, found that Tesla Autopilot reduces accident rates by 50%, showcasing AI’s transformative potential in automotive safety.
But is it good as they claim it to be? Because no technology is perfect!
Here are further details about the figures related to Tesla accidents.
16) Tesla Autopilot Has Been Involved In 736 Vehicle Crashes Since 2019
These crashes included 17 fatalities. 11 of them were recorded after May 2022
Source: Washington post, Car, and Driver.
17) Tesla Car Records One Crash For Every 4.85 Million Miles Driven On Autopilot Mode
Comparatively, one crash is recorded for every 1.40 million miles driven when the driver is not using autopilot mode.
| Quarter | Miles drove per accident with autopilot mode | Miles drove per accident without autopilot mode |
|---|---|---|
| Q4 2022 | 4.85 million | 1.40 million |
| Q3 2022 | 6.26 million | 1.71 million |
| Q2 2022 | 5.10 million | 1.54 million |
| Q1 2022 | 6.57 million | 1.21 million |
| Q4 2021 | 4.35 million | 1.52 million |
| Q3 2021 | 5.54 million | 1.58 million |
| Q2 2021 | 4.94 million | 1.36 million |
| Q1 2021 | 4.64 million | 0.984 million |
Source: Tesla.
How Many Employees Does Tesla Have?
The number of Tesla employees jumped from 127,855 to 130,000 in 2023. This was an approximate increase of 2,200 in the number of employees.
However, in 2020 the number of employees working at Tesla increased by 47.36%, denoting the highest increase. Meanwhile, in 2019, Tesla witnessed a decline in the number of employees by 1.64%.
18) Tesla Has More Than 130,000 Employees As Of 2023
This is an increase of nearly 2,200 employees in 2023. In 2022, Tesla had 127,855 employees in 2022.
The number of employees in 2022 increased by 28.77%, while that in 2021 increased by 40.33%.
Here are further details about the number of Tesla employees recorded over the past years
| Year | Number of Tesla Employees |
|---|---|
| 2023 | 130,000+ |
| 2022 | 127,855 |
| 2021 | 99,290 |
| 2020 | 70,757 |
| 2019 | 48,016 |
| 2018 | 48,817 |
| 2017 | 37,543 |
| 2016 | 17,782 |
| 2015 | 13,058 |
Source: World of Statistics.
Other Tesla Statistics
19) The Tesla Model 3 and the Tesla Model Y drive system have an efficiency of around 97%.
20) Tesla launched its first car in 2008.
21) Teslas Model S has the longest battery range.
22) Tesla is the Eighth Biggest Company in the World
23) The Average Salary at Tesla Inc. Is About $134K.
