Tesla Statistics By Revenue, Market, Region And Fact

Introduction

Tesla Statistics: Tesla, Inc., is an electric vehicle and clean energy organization based in the United States of America. Martin Eberhard and Marc Tarpenning established it, and Elon Musk joined the company as a chairman and investor for a short period in 2003. Tesla’s headquarters are in Palo Alto, California. Tesla’s basic focus is on the manufacturing of electric vehicles (EVs).

Tesla has achieved notable recognition for its high-performing EVs and new technologies and has pledged to sustainable transportation. In this article, we shall shed more light on “Tesla Statistics.”

Editor’s Choice

• Tesla produced 1.85 million vehicles in 2023, a 35% increase from the previous year.
• Deliveries grew by 38% to 1.81 million vehicles in 2023.
• In Q1 2024, Tesla produced 495,000 vehicles and delivered over 484,000.
• Tesla’s revenue for 2023 was USD 96.77 billion, reflecting an 18.79% increase from 2022’s revenue of USD 81.46 billion.
• In Q1 2024, Tesla reported a revenue of USD 21.3 billion.
• Tesla holds a dominant 55% share of the US EV market, with 654,888 EVs sold in 2023.
• In China, Tesla sold 603,304 EVs in 2023, securing a 7.5% market share.
• In Europe, Tesla achieved significant sales: 63,682 vehicles in Germany (12% market share), 62,711 in France, and 16,633 in Italy (24.9% market share).
• Model Y and Model 3 are Tesla’s best-selling models globally.
• In Q1 2024, Tesla sold 369,783 Model 3/Y vehicles and 17,027 Model X/S vehicles.
• As of December 2023, Tesla operates 5,878 Supercharger stations worldwide, with the US and China accounting for 68.12% of these locations.
• The number of Supercharger stations increased by 91.47% over the past two years.
• In Norway, Tesla sold 23,058 Model Y vehicles in 2023.
• In Germany, Tesla’s most popular models were the Model Y (45,818 units) and Model 3 (15,865 units).
• In China, the Model Y was the top-selling Tesla model with 456,394 units sold in 2023.
• Tesla’s market capitalization stood at USD 789.89 billion at the end of 2023.
• As of February 2024, the market cap was USD 616.47 billion.
• Tesla reported a GAAP income of USD 15 billion for 2023, with USD 7.9 billion coming from the fourth quarter alone.
• Tesla reached a new milestone in global EV sales in 2023, selling 1,845,985 electric vehicles — the highest number in its history.
• In 2023, Tesla began delivering its long-awaited Cybertruck models, though they faced further delays in early 2024.
• During Q4 2023, Tesla installed 41 megawatts (MW) of solar panels and deployed 3.2 gigawatt-hours (GWh) of energy storage.
• Tesla maintained a 17% share of the global electric vehicle market.
• The best-selling Tesla models for the year were the Model Y (1,211,601 units) and Model 3 (529,287 units).
• In 2023, the United States and China emerged as Tesla’s largest EV markets, with 654,888 EVs sold in the US and 603,304 EVs sold in China.

Features of Tesla

• Tesla offers a variety of electric vehicles (EVs) aimed at different markets.
• The Model S is a luxury sedan known for its performance and range.
• The Model 3 is a midsize sedan designed to make EV technology more accessible.
• The Model X is an SUV that combines electric power with space and versatility, while the Model Y is a compact SUV made to be practical and affordable for everyday use.
• Tesla’s cars run on electric power, which reduces greenhouse gas emissions and eliminates the need for gasoline.
• Tesla has invested heavily in battery technology and operates its own Gigafactories to produce high-capacity lithium-ion batteries. This helps Tesla manage costs and ensure a stable supply of batteries for its vehicles.
• In addition to vehicles, Tesla focuses on clean energy solutions. They offer products like the Powerwall and Powerpack, which store energy from sources like solar power and provide backup power for homes and businesses.
• Tesla also makes solar panels and solar roof tiles to promote the use of renewable energy.
• Tesla is a leader in autonomous driving technology with its Autopilot system. While drivers must remain attentive, Autopilot helps with tasks like navigating, changing lanes, and parking.
• As per Tesla Statistics, Tesla operates globally with manufacturing facilities and sales in many countries. Their mission is to speed up the world’s transition to sustainable energy.
• Tesla’s innovations in EVs, energy storage, and solar technology make it a major player in promoting a more sustainable future.

Tesla Current Facts

• In 2023, Tesla finally began delivering its long-awaited Cybertruck models, though they faced further delays in early 2024.
• Around this time, Tesla also had layoffs globally, affecting its workforce of nearly 140,500 employees.
• Despite these challenges, Tesla remained a top global brand and achieved a record-breaking 1.8 million vehicle deliveries in 2023.

(Source: leverageshares.com)

• In the above chart, we can see the Tesla vehicles that have been delivered in recent years.
• The majority of Tesla’s revenue, which surpassed $78.5 billion, came from selling cars as per Tesla Statistics.
• The company continued to invest heavily in research and development, focusing on artificial intelligence and connected vehicles.
• Tesla strengthened its presence in North America by becoming the standard for fast-charging connectors and expanding its Supercharger network to serve more electric vehicles.
• The US remained Tesla’s main market, where it held a significant share of the automotive market.
• However, Tesla faced increasing competition from Chinese automakers, especially in China’s growing EV market.
• BYD surpassed Tesla in EV sales in 2022 and widened the lead in 2023 by selling over a million more EVs than Tesla did. This competition highlighted the global challenges Tesla was confronting.
• In the U.S., Tesla’s success spurred new competitors like Rivian, Lucid Motors, and Canoo to enter the electric vehicle market as per Tesla Statistics.
• Despite the market’s growth, these companies struggled with profitability. For instance, Lucid Motors reported a substantial net loss of about $2.8 billion in 2023.
• Looking forward, Tesla needs to manage these competitive pressures while continuing to innovate.
• Controversies involving Tesla’s CEO and the company itself have also affected its stock price on the Nasdaq, indicating potential challenges that could shape Tesla’s future course.

Tesla Production Statistics

(Source: statista.com)

• The above chart shows the number of Tesla vehicles produced globally between Q1 2016 and Q1 2024.
• In the latest quarter, Tesla Inc. produced nearly 433,400 vehicles. This marked a decrease of about 12.4% compared to the previous quarter and about 1.7% compared to the same quarter last year.
• Despite challenges such as the impact of the coronavirus outbreak on Tesla’s Shanghai factory and the temporary shutdown of its Fremont, California factory in early 2020, Tesla still managed to produce almost 185,000 vehicles in the first half of that year.
• After reopening in May 2020, the Fremont factory quickly resumed production, contributing over 82,000 units in the second quarter alone.
• As per Tesla Statistics, Tesla continued to achieve record production levels, reaching a new high in the fourth quarter of 2023.
• Globally, Tesla manufactured a total of 1,845,985 cars and delivered 1,808,581 vehicles to customers.
• Of these, Tesla produced 1,775,159 units of the Model 3 and Model Y combined and delivered 1,739,707 vehicles to customers.
• In 2023, Tesla produced 70,826 units of the Tesla Model S, Model X, and Cybertruck models, of which 68,874 were delivered to customers.
• In 2023, Tesla produced nearly 1.85 million vehicles, marking a significant 35% increase from its strong performance in 2022.
• According to Tesla Statistics, this growth was driven largely by the high production and sales of models such as the Model 3 and Model Y.
• The Model 3 had been the top-selling plugin electric vehicle globally in 2020 and 2021 but faced tougher competition from other Tesla models in 2023, including the Model Y and the updated Model S Plaid, leading to a third-place ranking in sales for the year.
• In 2023, Tesla achieved its highest-ever production year for electric vehicles (EVs).

Tesla Delivery Statistics

• In the first few months of 2023, Tesla had delivered almost 1,324,074 vehicles globally.
• The third quarter of 2023 saw the deliveries of almost 435,059 vehicles, which is almost 26.53% of the Year-on-year average.

(Reference: tridenstechnology.com)

• In the above chart, we can see the Tesla Car Sales and delivery between 2008 to 2024.

Year	Total Sales	Vehicles Models Sold
Q1 2024	386,810	Model 3/Y, Model X/S, Cybertruck
2023	1,808,581	Model 3/Y, Model X/S
2022	1,313,581	Model 3/Y, Model X/S
2021	936,950	Model 3/Y, Model X/S
2020	499,550	Model 3/Y, Model X/S
2019	367,500	Model 3/Y, Model X/S
2018	245,240	Model 3/Y, Model X/S
2017	103,181	Model X/S, Model 3
2016	76,285	Model S, Model X
2015	50,658	Model S, Model X
2014	31,655	Model S
2013	22,477	Model S
2012	3,000	Roadster, Model S
2011	774	Roadster
2010	~400	Roadster
2009	~900	Roadster
2008	~100	Roadster

(Reference: buyacar.co.uk)

• Tesla’s worldwide electric vehicle deliveries had reached 1.81 million 38% higher than the 1.31 million cars they produced in 2022 as per Tesla Statistics.
• In 2023, production grew almost 35% from 1,369,611 in 2022 to 1,845,985 respectively.

The Tesla’s Worldwide Deliveries and Production in 2023:

Model	Production	Delivery
Other Models	70,826	68,874
Model 3/Y	1,77,159,159	1,739,707
Total	1,845,985	1,808,581

• In Q1 2023, Tesla manufactured around 440,808 electric vehicles, of which 422,875 were delivered.
• Of the 422,875 vehicles that Tesla delivered in Q1 2023, nearly 97% of the Model 3/Y were delivered.
• Q1 2023 of Tesla Deliveries and Production:

Model	Production	Delivery
Model 3/Y	421,371	412,180
Model S/X	19,437	10,695
Total	440,808	422,875

• Tesla increased the production of electric vehicles by 8.8% in Q2 of 2023. The total number of vehicles manufactured stood at 479,700 EVs and 466,140 deliveries.

Tesla Q2 2023 Deliveries and Production:

Model	Production	Delivery
Model 3/Y	460,211	446,915
Model S/X	19,489	19,225
Total	479,700	466,140

• In Q3 of 2023, there was around an 11.4% decrease in Tesla’s deliveries of electric vehicles.
• Almost 430,488 EVs were produced and 435,059 delivered because of the planning downtimes for factory updates.

Tesla Q3 Deliveries and Productions:

Model	Production	Delivery
Model 3/Y	416,800	419,074
Model S/X	13,688	15,985
Total	430,488	435,059

• In Q4 2023, Tesla faced a production of 495,989 vehicles and delivered almost 484,507 vehicles.
• By the last quarter of 2023, Tesla had cleared its 1.8 million vehicles target for 2023 by 45,985 vehicles.

Tesla Q4 Deliveries and Production:

Model	Production	Delivery
Other Models	18,212	22,969
Model 3/Y	476,777	461,538
Total	494,989	484,507

• Tesla’s carbon footprint from producing electric vehicles totaled 610,000 metric tons of CO2 in 2022.
• This includes emissions from their production processes (Scope 1) and from the electricity and heat they purchase (Scope 2).
• As stated by Tesla Statistics, the largest source of Tesla’s emissions, accounting for 27%, comes from activities like mining and manufacturing batteries.
• Another 18% of emissions are attributed to aluminum and 8% to steel.
• “All other” sources, such as transportation, distribution, employee commuting, and business travel, make up 47% of Tesla’s emissions.
• Additionally, the use of Tesla vehicles by customers generated 3.4 million metric tons of CO2 emissions in 2022.

Tesla Revenue Statistics

• Tesla earned $82.419 billion from selling cars in 2023, a 15% increase from the $71.462 billion earned in 2022.
• This was close to the total revenue from car sales in the years 2019-2021, which was $92.289 billion.
• Tesla’s revenue from energy generation and storage hit a record high of $6.035 billion in 2023. This was a significant increase compared to $3.909 billion in 2022, $2.789 billion in 2021, and $1.994 billion in 2020.

(Reference: backlinko.com)

Year	Annual Revenue
2023	$71.6 billion
2022	$81.46 billion
2021	$53.82 billion
2020	$31.54 billion
2019	$24.58 billion
2018	$21.46 billion
2017	$11.76 billion
2016	$7 billion
2015	$4.05 billion
2014	$3.2 billion
2013	$2.01 billion
2012	$413 million
2011	$204 million
2010	$117 million
2009	$112 million
2008	$15 million

• Revenue from services and other sources totaled $8.319 billion in 2023, marking a 37% increase from $6.091 billion in the previous year, as per Tesla Statistics.
• In 2023, Tesla earned $1.790 billion from selling carbon credits. Quarterly sales were $521 million in Q1, $282 million in Q2, $554 million in Q3, and $433 million in Q4.

(Source: buyacar.co.uk)

• In the fourth quarter of 2023, Tesla’s Automotive sector revenue increased slightly by 1% year-over-year to approximately $21.5 billion, despite a roughly 20% increase in deliveries of vehicles.
• As per Tesla Statistics, this growth was limited by lower prices for the Model Y and Model 3 in China and the US.
• Revenue from other ventures, such as energy storage deployment, charging networks, and additional services, rose by 20% year-over-year to $3.6 billion.
• During Q4 2023, Tesla installed 41 megawatts (MW) of solar panels and deployed 3.2 gigawatt-hours (GWh) of energy storage.
• As stated by Tesla Statistics, Tesla’s gross profit for Q4 2023 was $4.4 billion, a 23% decline from the same quarter last year.
• For the entire year of 2023, Tesla’s overall gross profit decreased by 15% year over year, mainly due to several vehicle price reductions and lower-than-expected revenue from Full Self-Driving (FSD) features.
• Tesla quarter revenue for 2023:

Q1	Q2	Q3	Q4
23,329	24,927	23,350	25,167

• On Tuesday, April 23, 2024, Tesla announced its first-quarter earnings. The company reported earnings per share (EPS) of $0.45, which missed the analyst estimate of $0.49 by $0.04.
• Revenue for the quarter was $21.3 billion, below the expected consensus of $22.27 billion.

Tesla Stock Market Statistics

• Valuation Measures

	Current	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Enterprise Value/EBITDA	47.28	36.52	47.31	44.03	47.98	36.30
Enterprise Value/Revenue	6.89	5.58	8.05	8.26	9.46	7.87
Price/Book	10.40	8.95	14.80	15.56	17.29	14.71
Price/Sales	7.73	6.33	9.02	9.25	10.57	8.85
PEG Ratio (5yr expected)	3.74	2.07	2.91	2.13	2.89	1.89
Forward P/E	84.75	56.82	70.92	55.25	76.34	54.05
Trailing P/E	53.67	40.88	80.15	71.29	76.99	57.31
Enterprise Value	652.33B	540.33B	772.01B	776.93B	814.03B	641.00B
Market Cap	669.28B	559.85B	789.90B	794.20B	830.86B	657.44B

• Stock Price History

200-Day Moving Average	205.92
50-Day Moving Average	177.66
52 Week Low	138.80
52 Week High	299.29
S&P 500 52-Week Change	23.12%
52 Week Range	-25.71%
Beta (5Y Monthly)	2.32

• Share Statistics

Shares Short (prior month 5/15/2024)	104.79 M
Short % of Shares Outstanding (6/14/2024)	3.30%
Short % of Float (6/14/2024)	3.80%
Short Ratio (6/14/2024)	1.44
Shares Short (6/14/2024)	105.38 M
% Held by Institutions	45.96%
% Held by Insiders	12.99%
Float	2.77B
Implied Shares Outstanding	3.19B
Shares Outstanding	3.19B
Avg Vol (10 days)	82.26M
Avg Vol (3 months)	88.56M

• Dividend & Splits

Last Split Date 3	8/05/2022
Last Split Factor 2	3:1
Ex-Dividend Date 4	—
Dividend Date 3	—
Payout Ratio 4	0.00%
5-Year Average Dividend Yield 4	—
Trailing Annual Dividend Yield 3	0.00%
Trailing Annual Dividend Rate 3	0.00
Forward Annual Dividend Yield 4	—
Forward Annual Dividend Rate 4	—

Tesla United States of America Statistics

• Tesla leads the electric vehicle market in the United States. In 2022, Tesla sold 354,822 vehicles in the US, a 53% increase from 234,000 vehicles in 2021. The Tesla Model Y was the top-selling electric vehicle, with 195,447 units sold, followed by the Model 3 with 143,728 units.
• Tesla was the first electric vehicle manufacturer to surpass 190,000 sales in a year in the US, ahead of General Motors and others in the industry, according to Tesla Statistics.
• The Model Y is known for its practicality and stylish design, making it a popular choice among families and individuals looking for a dependable electric SUV.
• Its impressive performance also appeals to those who prioritize speed and agility.
• As Tesla’s best-selling model by a wide margin, the Model Y has become one of the most sought-after vehicles globally.
• Following we can see the table that shows the sales of Tesla for the US automotive industry, but this time, it is divided by month:

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024	51,809	51,809	53,881	0	0	0	0	0	0	0	0	0
2023	55,922	53,685	60,395	58,415	56,169	58,415	49,680	53,653	51,666	56,579	56,579	58,842
2022	37,594	36,202	89,575	40,568	39,066	39,066	37,518	38,962	37,518	46,667	44,800	48,533
2021	21,120	21,120	23,760	24,751	23,799	24,751	28,350	27,301	28,350	26,232	26,232	26,232
2020	22,350	20,450	10,000	6,624	14,720	15,456	48,846	43,418	47,036	21,591	17,736	24,675
2019	8,325	7,650	14,625	11,925	16,350	25,025	15,650	16,025	23,025	18,612	19,301	18,612
2018	6,875	7,485	8,820	6,150	11,250	11,062	16,675	21,700	29,975	20,325	24,600	32,600
2017	2,800	3,000	3,000	4,400	4,400	4,400	4,400	4,400	4,517	4,545	4,745	5,460
2016	2,075	2,150	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250
2015	0	2,000	1,200	1,700	1,700	1,700	1,700	1,700	1,700	1,730	1,712	1,900

• Tesla’s yearly sales, growth, and market share in the United States of America:

Year	Sales	YOY change	US Market share	Market share change
2024	157,499	–	2.96	0.00
2023	670,000	24.98	4.31	9.18
2022	536,069	77.51	3.92	48.43
2021	301,998	3.11	2.02	1.40
2020	292,902	50.11	1.99	42.53
2019	195,125	-1.21	1.14	0.67
2018	197,517	294.51	1.14	74.51
2017	50,067	87.34	0.29	47.5
2016	26,725	42.59	0.15	29.49
2015	18,742	–	0.11	0.00

(Source: goodcarbadcar.net) 

• The above chart visually represents Tesla’s US sales units over the years.
• Tesla offers a range of vehicles, including a small sedan, a crossover, a premium executive car, a large people carrier, and the distinctive CyberTracker pickup. This lineup provides options for different consumer needs.
• As per Tesla Statistics, the Tesla Model Y is a midsize SUV powered by an electric motor. It can travel up to 330 miles on a single charge and accelerates from 0 to 60 mph in 4.8 seconds.
• The Model Y comes with all-wheel drive, which ensures strong traction in all weather conditions.

Tesla Market Capital and Market Share Statistics

• The Tesla market capital will be almost $789.89 billion in 2024, as per Tesla Statistics.
• The organization experienced a 783.42% growth in its market cap in 2020. And the market capital grew from $75.71 billion in 2019 to $668.90 billion in 2020.
• Tesla’s market cap was $789.89 in January 2024.
• In 2023, the market capital grew by 95.56%, according to Tesla Statistics.
• In 2022, the market capital experienced a decrease of 63.35%.
• In 2022, the market of Tesla lowered from $1.061 trillion in 2021 to $388.97 billion.

Year	Tesla Market Capital
2017	$52.32 billion
2018	$57.44 billion
2019	$75.71 billion
2020	$668.90 billion
2021	$1.061 trillion
2022	$388.97 billion
2023	$760.68 billion
2024	$789.89 billion

• There was a decrease of 3% and 5% in the last quarter compared to Q1 2023.
• In Q1 2023, Tesla had an almost 22% share of the worldwide electric vehicle market. This share decreased to almost 20% in Q2 2023 and 17% in Q3 2023.

(Source: demandsage.com)

• In the table below, we can see further details about the market share of Tesla in the third quarter of 2023:

Electric Vehicle Group	Market share in Q3 2023	Market share in Q2 2023	Market share in Q1 2023
Volkswagen Group	8%	7%	7%
Tesla	17%	20%	22%
BYD Auto	17%	15%	14%
Others	58%	58%	57%

• Tesla’s share of the Electric Vehicle Market has dropped down to almost 50% in Q3 of 2023 in the United States.
• Tesla has owned almost 4.04% of the automobile market share in the US, according to Tesla Statistics.

Automobile Brand	Market share
BMW Group	2.72%
Volkswagen Group	3.6%
Tesla	4.04%
Subaru Corporation	4.19%
Nissan Motor Co	6.14%
Honda Motor Company	7.35%
Hyundai Kia Auto Group	10.94%
Stellantis – FCA	11.66%
Ford Motor Company	13.92%
Toyota Motor Corp	15.17%
General Motors	17.09%

Tesla Statistics By Region

• According to the information given, China comes in second globally for Tesla sales, right after the United States.
• The most popular Tesla model in China was the Model Y, with 456,394 units sold, making it the second-best-selling EV in the country. BYD’s Song, particularly its plugin hybrid electric vehicle (PHEV) version, topped the EV sales charts with 627,731 units sold.
• Tesla’s sales were led by 34,495 Model Y and 12,944 Model 3 vehicles. The less popular Model X and Model S saw only 55 and 67 units sold respectively as per Tesla Statistics.
• Additionally, 278 Tesla EVs were registered under an “Unknown” category.
• The pure electric version of the BYD Song sold 92,983 units in 2023.
• Tesla also had strong sales with its Model 3, selling 146,910 units in China during the year.
• China has shown a quick embrace of Tesla vehicles despite Tesla’s recent entry into the market there. This highlights China’s substantial role in the worldwide electric vehicle market as per Tesla Statistics.
• In 2023, Tesla sold 47,840 electric vehicles (EVs) in the UK, making it the leading automaker with a 15.2% share of the EV market. MG, Tesla’s closest competitor at number two, sold 28,992 EVs, capturing a 9.2% market share.
• In the first five months of 2024, Tesla sold 16,272 cars in the UK. This represents a 12.55% decrease compared to the 18,607 cars sold in the same period in 2023.
• Tesla 2023 sales in the United Kingdom by model:

Model S	Model X	Model 3	Model Y	Unknown
67	55	12,944	34,495	278

• In 2023, Tesla sold 25,376 electric vehicles (EVs) in Norway, leading with a 23.6% share of the EV market. Volkswagen came in second, selling 15,363 EVs and holding a 14.3% market share.
• The best-selling Tesla model in Norway was the Model Y, with 23,058 units sold in 2023. The Model 3 followed with 2,081 new registrations during the year.

Model Y	Model X	Model 3	Model S
23,058	138	2081	99

• In 2023, Tesla had a 12% share of the German EV market, selling 63,682 vehicles. Volkswagen sold more EVs than Tesla in Germany, with 70,624 vehicles sold and a 13.5% market share.

Model Y	Model X	Model 3	Model S
45,818	759	15,865	1,240

• In 2023, the Model Y was the most popular vehicle in France, with 37,127 units sold, and the Model 3 was the second most popular, with 24,539 units sold. In total, Tesla registered 62,711 new EVs in the country that year.

Model Y	Model X	Model 3	Model S
37,127	138	2081	99

• In 2023, Tesla became the top-selling automaker in Italy, capturing a 24.9% share of the market by selling 16,633 vehicles.

Model Y	Model X	Model 3	Model S
8,587	260	7,385	401

• In 2023, Tesla sold 20,501 vehicles in Sweden, making it the top-selling EV automaker with a 17.4% market share.
• Volkswagen was Tesla’s closest competitor at number two, selling 17,760 EVs and holding a 15.1% market share for the year.

Model Y	Model X	Model S	Model 3
16,576	367	548	3,010

• In 2023, Tesla accounted for 17.6% of the Belgian EV market, selling 12,065 vehicles.

Model Y	Model X	Model S	Model 3
8,980	315	299	2,471

• In 2023, Tesla captured a 22% share of Spain’s EV market by selling 13,260 vehicles. Of these, 6,843 were Tesla Model Ys, and 6,123 were Model 3s.
• In Spain, MG was the nearest competitor to Tesla, selling 4,070 vehicles and securing a 6.7% market share, according to Tesla Statistics.
• In 2023, Tesla sold 603,304 electric vehicles (EVs) in China. Despite this achievement, they faced tough competition from BYD, which sold 1,262,065 battery electric vehicles (BEVs).
• In 2023, Tesla reached the second position in EV sales in China, holding a 7.5% market share. BYD led with a 33.8% market share. Tesla had previously held the third position for three consecutive years.

Tesla Charging Station Market Size Statistics

• The electric vehicle charging station market is rapidly expanding. In 2021, it was valued at $35.50 billion.
• By 2022, it had grown to $46.54 billion. Growth is expected to accelerate in the coming years: in 2023, it is projected to reach $61.06 billion, marking an increase of approximately 31%.
• This growth trend continues with further increases forecasted: $80.17 billion in 2024, $105.34 billion in 2025, and reaching $417.35 billion by 2030. These figures highlight the substantial growth and investment in infrastructure to support electric vehicles globally.

(Reference: enterpriseappstoday.com)

• In 2021, Tesla’s electric vehicles, Model Y and Model 3, led the US market.
• Model Y sold 185,994 units, holding a 29.5% share, while Model 3 sold 147,460 units, capturing a 23.4% share.
• As stated by Tesla Statistics, Ford’s Mustang Mach E followed with 27,140 units sold, representing 4.3% of total electric vehicle (EV) sales.
• The Chevy Bolt EV/EUV had 24,828 sales, accounting for 3.9% of the market. Volkswagen’s ID.4 sold 16,742 units, making up 2.7% of total EV sales.
• Tesla’s Model S sold 15,545 units, with a 2.5% market share as per Tesla Statistics.
• Other notable EVs included the Nissan Leaf with 14,239 units (2.3%), the Porsche Taycan with 9,419 units (1.5%), the Tesla Model X with 7,985 units (1.3%), and the Audi e-Tron with 7,429 units (1.2%).
• These figures highlight the distribution of sales and market shares among leading electric vehicle models in the US for 2021.

EV Model	Sales in 2021	% of 2021 US EV Sales
Aude e-tron	7,429	1.2%
Tesla Model X	7,985	1.3%
Porsche Taycan	9,419	1.5%
Nissan Leaf	14,239	2.3%
Tesla Model S	15,545	2.5%
Volkswagen ID.4	16,742	2.7%
Chevy Bolt EV/EUV	24,828	3.9%
Ford Mustang Mach	27,140	4.3%
Tesla Model 3	147,460	23.4%
Tesla Model Y	185,994	29.5%

Recent Developments of Tesla

In 2023, Tesla achieved significant milestones and growth in various areas:

• Record-breaking Sales: Tesla sold over 1.4 million electric cars in the first ten months of the year, highlighting strong demand from consumers.
• Financial Performance: Tesla reported revenue of USD 71.61 billion in Q1-Q3 2023, showing consistent growth and profitability in the automotive sector.
• Supercharger Expansion: Tesla expanded its global Supercharger network to more than 50,000 chargers across 5,500 stations, making it more convenient for Tesla owners to charge their vehicles.
• Employee Growth: Tesla’s workforce grew to over 127,855 employees worldwide, underscoring its commitment to creating jobs and contributing to the economy.
• Production Milestones: Tesla manufactured 1.35 million vehicles in the first three quarters of 2023, demonstrating its strong manufacturing capabilities and meeting market demand.
• Innovations in Battery Technology: Tesla continued to invest in battery research and development to improve energy efficiency, performance, and cost-effectiveness of electric vehicles.
• Global Market Share: Tesla maintained a 17% share of the global electric vehicle market, solidifying its position as a major player in the industry and driving competition.
• Safety Focus: Tesla remained focused on vehicle safety by enhancing safety features and ensuring compliance with global regulations, prioritizing the well-being of Tesla owners.
• Brand Recognition: Tesla’s brand continued to be recognized for innovation and leadership in the electric vehicle market, maintaining a strong reputation worldwide.

Conclusion

To sum up, Tesla remains a dominant player in the electric vehicle (EV) market, with strong sales and market value. In the first ten months of 2023, Tesla sold over 1.4 million electric cars, and its market capitalization reached USD 789.89 billion by 2024, highlighting its leadership in the automotive industry. Tesla’s commitment to innovation is clear through its expansion of the Supercharger network, which now exceeds 50,000 chargers worldwide.

The company also continues to invest in battery technology to improve energy efficiency and vehicle performance. With a 17% share of the global EV market and a workforce of over 127,855 employees, Tesla’s impact on sustainable transportation and the automotive sector is significant.

As a market research analyst, I believe that Tesla’s ongoing growth and innovation will shape the future of electric vehicles, fostering competition and advancements in this transformative industry.