Tesla has taken the auto industry by storm with its innovative approach to manufacturing electric cars. Known for its futuristic design, powerful performance, and extensive range, Tesla has a reputation for redefining the automotive industry. In this blog post, we will analyze the growth of Tesla over the past 12 years. We will explore the milestones, challenges, and pivotal moments that have shaped Tesla into the global brand it is today.
Tesla went public in 2010, raising over $226 million in its initial public offering (IPO). In 2020, Tesla’s stock price surged nearly 740%, making it the most valuable car company globally with a market cap of $594 billion. Tesla also started expanding its footprint globally, with the launch of its production facility in China in 2019, which has doubled its manufacturing capacity.
There has been a lot of reporting about Tesla’s Q2 2023 earnings report, but Jon Erlichman tweeted out a great historical perspective of the company’s growth.
Here are the best stats…
Tesla just reported the biggest quarter in its history.
In its second quarter, the company generated nearly $25 billion in sales.
That leaves it on track to top $100 billion in revenue for the first time this year.
Let’s break it down. pic.twitter.com/040CUxAso4
— Jon Erlichman (@JonErlichman) July 19, 2023
Tesla Q2 Revenue Past 12 Years
Tesla just reported 2023 Q2 earnings, so here is a list of Q2 revenue over the last 12 years increasing from $27 MILLION to $24 BILLION… Here’s how revenue in Q2 has grown:
- 2023: $24.9 billion
- 2022: $16.9 billion
- 2021: $11.9 billion
- 2020: $6.0 billion
- 2019: $6.3 billion
- 2018: $4.0 billion
- 2017: $2.8 billion
- 2016: $1.3 billion
- 2015: $955 million
- 2014: $769 million
- 2013: $405 million
- 2012: $27 million
Tesla Q2 Vehicle Deliveries Last 12 Years
Growth in vehicle delivery numbers that have fueled Tesla’s growth. We added the (percentage increase):
- Q2 2023: 466,140 (+83%)
- Q2 2022: 254,695 (+26%)
- Q2 2021: 201,250 (+121%)
- Q2 2020: 90,891 (-4%)
- Q2 2019: 95,356 (+134%)
- Q2 2018: 40,740 (+85%)
- Q2 2017: 22,000 (+53%)
- Q2 2016: 14,370 (+24%)
- Q2 2015: 11,532 (+52%)
- Q2 2014: 7,579 (+47%)
- Q2 2013: 5,150 (+42816%)
- Q2 2012: 12
- Q2 2011: 0
Tesla 2023 Revenue By Quarter
Here’s revenue in Q1 & Q2 with the current estimates for Q3 & Q4:
- Q1: $23.3 billion (actual)
- Q2: $24. billion (actual)
- Q3: $25.4 billion (estimate)
- Q4: $26.8 billion (estimate)
- 2023: $100.4 billion (estimate)
Company Timelines To $100 Billion Revenue
Here’s how long it took others to reach $100 billion in annual revenue:
- Tesla: 20 years (estimate)
- Amazon: 21 years
- Costco: 28 years
- Home Depot: 39 years
- Microsoft: 40 years
- Walmart: 45 years
- General Motors: 53 years
- Chevron: 121 years
- AT&T: 130 years (inflation adjusted)
Tesla Net Income Past 6 Years
For those watching the profit picture, here’s net income over the past 6 years:
- Q2 2023: $2.7 billion
- Q2 2022: $2.3 billion
- Q2 2021: $1.2 billion
- Q2 2020: $108 million
- Q2 2019: -$292 million (loss)
- Q2 2018: -$583 million (loss)
Tesla’s growth over the past 12 years has been nothing short of remarkable. The company has disrupted the automotive industry, redefined electric cars, and created a cult-like following among the tech-savvy and environmentally-conscious consumers. With a sharp focus on innovation, technology, and sustainability, Tesla has created a brand that stands for futuristic design, superior performance, and environmental responsibility. As we enter the next decade, it will be interesting to see how Tesla continues to innovate and disrupt not just the automotive industry but the larger clean energy sector as well.