Tesla Financials

Revenues breakdown2021%
Automotive sales$44.12B81.98%
Automotive regulatory credits$1.46B2.72%
Automotive leasing$1.64B3.05%
Services and other$3.8B7.06%
Energy generation and storage segment revenue$2.79B5.18%
Total Revenues$53.82B
In 2021, Tesla generated over $53 billion in revenues, of which, most of them, through automotive sales, which represented about 82% of the total revenues in 2021. Tesla also generated $1.46 billion in regulatory credits and $1.64 billion in automotive leasing. In addition, Tesla generated $3.8 billion in services and $2.79 billion in energy generation and storage.
Key Facts
FoundersElon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright
Year FoundedJuly 1, 2003, San Carlos, CA
Year of IPOJune 29, 2010
IPO Price$17.00
Total Revenues at IPO$93.35 million, as of Nine Months Ended
September 30, 2009, prior to the IPO
Elon Musk becomes CEO2008
Total Revenues in 2021$53.8 Billion
Employees99,290 full-time subsidiaries’ employees worldwide
Revenues per Employee$542,079.00
Who owns Tesla?Elon Musk is the primary individual shareholder, with 23.1% of the company’s shares
Founded on July 1, 2003, in San Carlos, CA, by Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, and Ian Wright, Tesla’s initial main investors comprised Elon Musk. By 2006 Elon Musk was appointed CEO back in 2008, and they remained CEO these days. Tesla IPOed on June 29, 2010, at a $17 price per share, and it recorded $93.35 million, as of Nine Months Ended, September 30, 2009, prior to the IPO. In 2021, Tesla generated $53.8 billion in revenue, with 99,290 full-time subsidiaries’ employees, generating $542,079.00 per employee. Elon Musk is the primary individual shareholder, with 23.1% of the company’s shares, making his net worth north of $200 billion dollars.

Read Next: Tesla Business Model

Related to Tesla

Is Tesla Profitable?

is-tesla-profitable
Yes, Tesla has been profitable since 2020. Indeed, Tesla generated $862 million in 2020. And it further generated $5.6 billion in net income by 2021.

Tesla Production

tesla-production-numbers-by-year

Tesla Production vs. Delivery

tesla-production-vs-delivery

Who Is Elon Musk

who-is-elon-musk
Elon Musk, seen as one of the most visionary tech entrepreneurs from the Silicon Valley scene, started his “career” as an entrepreneur at an early age. After selling his first startup, Zip2, in 1999, he made $22 million, which he used to found X.com, which would later become PayPal, and sell for over a billion to eBay (Musk made $180 million from the deal). He founded other companies like Tesla (he didn’t start it but became a major investor in the early years) and SpaceX. Tesla started as an electric sports car niche player, eventually turned into a mass manufacturing electric car maker.

Who Owns Tesla

who-owns-tesla
Elon Musk, an early investor and CEO of Tesla, is the major shareholder with 21.7% of the stocks. Other major shareholders comprise investment firms like Baillie Gifford & Co. (7.7%), FMR LLC (5.3%), Capital Ventures International (5.2%), T. Rowe Price Associates (5.2%), and Capital World Investors (5%). Another major individual shareholder is Larry Ellison (co-founder and CEO of Oracle), with a 1.7% stake.

History of Tesla

history-of-tesla
Founded in 2003 by Eberhard and Tarpenning, eventually, the initial co-founders left the company, and by 2004, Musk first became the main investor. After that, by 2008, he took over as CEO of the company. Tesla would go through many near-death experiences until 2018. And yet, by 2021, Tesla will become a trillion-dollar company.

Tesla Business Model

tesla-business-model
Tesla is vertically integrated. Therefore, the company runs and operates the Tesla’s plants where cars are manufactured and the Gigafactory, which produces the battery packs and stationary storage systems for its electric vehicles, which are sold via direct channels like the Tesla online store and the Tesla physical stores.

Tesla Competitors

tesla-competitors
As an electric automaker and builder of sports cars and now trucks, Tesla’s competitors comprise companies like Ford, Mercedes-Benz, Porsche, Lamborghini, Audi, Rivian Lucid Motors, Toyota, and more. At the same time, Tesla is an electric energy production and storage company (SolarCity); it competes with Sunrun, SunPower, and Vivint Solar. And as an autonomous driving company, it competes with companies like Zoox, Waymo, and Baidu with self-driving software.

Real-Time Insurance

real-time-insurance
A real-time insurance business model enables Tesla to build its insurance arm by dynamically adjusting the premiums based on real-time driving behavior. Reduced insurance premiums hooked with the leasing arm enable Tesla to scale its demand side of the business.

Tesla Business Model

tesla-financials
In 2021, Tesla generated over $53.8 billion in revenues, compared to $31.5 billion in 2020. The largest segment in automotive sales (comprising regulatory credits revenues), followed by leasing (as part of the automotive), generated $1.6 billion in 2021. Outside automotive sales (non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, and more) accounted for $3.8 billion. And energy generation and storage accounted for $2.8 billion. US and China are the primary markets, with almost $24 billion and nearly $14 billion, respectively, in 2021. In 2021, Tesla generated $5.6 billion in Net Income, a net margin of over 10%.
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