Page last updated: 05 February 2025
Tesla, Inc. is an American electric vehicle and clean energy company, known for transforming the automotive industry with its innovative electric cars, energy storage solutions, and solar products.
2024 Tesla’s Electric Vehicle Revenue and Sales
Tesla sold 1,789,226 units worldwide, generating $98.68 billion in revenue in 2024. (Note: Q4 data is unaudited and subject to change upon annual report release.)
- Sales vs. Production:
- Q1: Production: 433,371, Sales: 386,810
- Q2: Production: 410,831, Sales: 443,956
- Q3: Production: 469,796, Sales: 462,890
- Q4: Production: 459,445, Sales: 495,570
- Revenue Trends: Revenue increased from $21.3 billion in Q1 to $25.5 billion in Q2, then slightly declined to $25.18 billion in Q3. In Q4, revenue rebounded to $25.7 billion, reflecting a 2.07% increase from Q3.
- Sales Momentum: Q4 sales grew by 7.06% compared to Q3, continuing Tesla’s upward sales trend.
2024 Tesla EV Sales Key Figures | ||||
2024 | Q1 | Q2 | Q3 | Q4 |
Sales | 386,810 | 443,956 | 462,890 | 495,570* |
Production | 433,371 | 410,831 | 469,796 | 459,445* |
Revenue | $21.3 billion | $25.5 billion | $25.18 billion | $25.7 billion* |
How many Tesla electric vehicles are sold each year?
Tesla electric cars reached 1.75 million units sold in 2023.
- Tesla’s global sales have grown exponentially since 2013, from 22,477 units to 1.75 million in 2023.
- Sales surged significantly after 2020, growing from 455,138 to 1.75 million units in just three years, driven by increasing demand for electric vehicles, expanded production capacity, and the popularity of Tesla’s Model 3 and Model Y.
- The sales milestones in 2021 (1 million units) and 2022 (1.33 million units) highlighted Tesla’s dominance in the global EV market, with a continuous trend in 2023.
Learn more about Global EV Sales here.
Tesla Electric Car Production (2019-2023)
Tesla’s production has shown remarkable growth, with Model Y & 3 leading the way. In 2023, these models accounted for 96% of total goods produced by Tesla.
- Tesla experienced rapid growth in total production from 2019 to 2023, with a 400% increase.
- These models consistently represented the vast majority of Tesla’s production, growing from 82.77% in 2019 to over 96% in 2023.
- Model Y & 3 had their peak share in 2021 (97.38%), followed by a slight drop in 2022 (94.80%) before stabilising again in 2023 (96.16%).
Tesla Global Market Share (2023)
- In 2023, Tesla accounted for approximately 12.32% of the global car market, based on total global sales of 13.8 million vehicles and Tesla sales of 1.7 million.
- While Tesla’s share is substantial, it still represents a fraction of the global car sales, indicating potential for further expansion, especially as the demand for electric vehicles continues to rise globally.
What is Tesla’s most popular model of electric vehicles?
The Tesla Model Y topped the list with 1.16 million units sold in 2023.
- The Tesla Model 3 marked second on the list with 518,072 units sold, followed by Model X with 30,343 units in 2023.
Leading Electric Vehicle Models Sold in 2023
- The leading electric vehicle models sold by Tesla in 2023 were Model Y and Model 3, driven by their advanced technology, range efficiency, and strong brand presence, making them popular choices among Tesla consumers.
Explore the Latest Trends in EV Sales by Brand and Model.
How many electric vehicles did Tesla sell in 2023?
- In 2023, Tesla sold approximately 1.75 million electric vehicles, representing 95% of its total production output.
- The Model Y was Tesla’s best-selling model, making up 66% of the total sales for the year.
How much does Tesla make each year?
Tesla’s revenue in 2023 reached 96 billion.
- Tesla’s revenue has shown exponential growth from 2010 to 2023, increasing from $117 million in 2010 to $96.77 billion in 2023.
- The most significant revenue increase occurred in 2021 and 2022, where Tesla’s revenue increased by over $50 billion in just two years.
How much revenue did Tesla make in 2023?
- In 2023, Tesla achieved $96 billion in revenue, representing an 18% growth compared to the previous year.
Which regions contribute the most to Tesla’s electric vehicle sales?
- Tesla’s sales in the US (674,924 units) and China (603,664 units) are the leading markets, with these two countries accounting for the vast majority of the total sales.
- Germany (63,682 units) and France (63,641 units) showed about 10% of the volume compared to the top markets.
Tesla Products
- Tesla Roadster (2008): The company’s first product, a high-performance electric sports car.
- Model S (2012): A luxury sedan known for its long range and high performance, receiving multiple awards like Consumer Reports’ Best Overall Car and Motor Trend’s Ultimate Car of the Year.
- Model X (2015): An all-electric SUV, recognised for its safety, being the first SUV to earn 5-star safety ratings in all categories in National Highway Traffic Safety Administration tests.
- Model 3 (2017): A mass-market electric sedan offering over 320 miles of range, designed to make electric vehicles accessible to a broader audience.
- Tesla Semi (2017): A fully electric truck designed to reduce long-term operating costs for owners, projected to save at least $200,000 in fuel over one million miles.
- Cybertruck (2019): A futuristic electric pickup truck designed to offer better utility than traditional trucks with sports car-like performance.
- Model Y (2020): A compact SUV offering a balance of range, performance, and utility, with customer deliveries starting in early 2020.
First ever car launched
- The Tesla Roadster, launched in 2008, was the first electric vehicle to prove that electric cars could deliver both high performance and long range, with over 200 miles per charge and a 0 to 60 mph acceleration under 4 seconds.
- The Roadster was the first production car to use lithium-ion battery cells, setting a new standard for electric vehicles and laying the foundation for Tesla’s future innovations.
EV Sales Statistics Resources
- Australia EV Sales Statistics
- Canada EV Sales Statistics
- China EV Sales Statistics
- Germany EV Sales Statistics
- Japan EV Sales Statistics
- Norway EV Sales Statistics
- UK EV Sales Statistics
EV Sales Statistics By Manufacturer
References
TI: Annual Tesla Revenue and Key Figures
CM: Tesla Annual Sales