27 Tesla statistics 2023: TSLA stock history & performance stats
Tesla Inc (NASDAQ:TSLA) is a manufacturer of electric automobiles. The American-based company was founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, Marc Tarpenning, Ian Wright, and has seen impressive growth rates as it expands across the globe.
The business makes money through operating in a variety of reportable areas, including vehicle leasing, car sales, energy generation and storage, and other. Tesla’s mission is to hasten the transition to sustainable energy and transportation, using solar energy and electric cars as the primary sources.
In 2009, Tesla began manufacturing its first automobile model, the Roadster sports car. The Model S sedan debuted in 2012, followed by the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020. The Model 3 is the best-selling plug-in electric vehicle in the world, and in June 2021, it became the first electric car to sell one million units worldwide.
Please find out more in this article, starting with our pick of the top Tesla facts and statistics for 2023 below.
Tesla facts and stats – Editor’s pick
On June 29, 2010, Tesla went public at $17 per share, implying day one investors are sitting on a 13,000% return.
Tesla vehicle production is up more than 44,000% over 10 years.
Tesla accounted for nearly 75% of all-electric vehicles sold in the United States over the past three years.
Despite a dominant position, Tesla has 1/3rd the amount of cash on hand compared to automaker giant Toyota.
Tesla statistics 2023: history, TSLA stock, revenue, and performance
1. Tesla CEO Elon Musk is up more than $80 billion from his original investment
Tesla was incorporated in July 2003 with the name Tesla Motors by Martin Eberhard and Marc Tarpenning. In February 2004, with an investment of $6.5 million, Elon Musk became its largest shareholder. Here is an interesting Tesla fact: Musk fought a legal battle to earn the status of being named a company ‘founder’. Today, Musk owns around 15% of Tesla, implying his $6.5 million investment is now worth more than $80 billion.
2. Tesla’s share price is up 13,276% from its IPO
Tesla shares hit the public market in 2010 at an IPO price of $18 per share. While 2022 was not a kind year for Tesla investors with shares down 70% amid concerns of economic slowdowns, early investors are still celebrating their large gains.
3. Tesla’s FY2022 revenue was up 51% in 2022
Tesla reported full-year 2022 results in early 2023. Total sales rose to $81.462 billion from $53.832 billion a year ago. Automotive revenue in 2022 accounted for the bulk of total revenue at $71.462 billion. Tesla recorded an Adjusted EBITDA of $19.186 billion in 2022, up from $11.621 billion a year ago. Free cash flow of $7.566 billion was up from $5.015 billion in 2021.
Tesla has been profitable. Tesla made $862 million in 2020. It earned $5.6 billion in net profits by 2021, a 665% increase over 2020.
4. Tesla Q4 2022 EPS was up 40% yoy, revenue up 33% yoy
Tesla reported EPS of $1.19 in Q4 2022 which exceeded the $1.13 per share analysts were expecting. Revenue of $24.32 billion also topped expectations of $24.16 billion. Automotive revenue of $21.3 billion was up 33% year-over-year while $467 million from regulatory credits was up by nearly half.
5. Tesla’s R&D costs more than tripled from 2014
Between 2014 and 2022, Tesla’s R&D expenses more than tripled, rising from around $465 million to almost $1.5 billion. The company’s focus on cutting-edge technologies, including electric car batteries and charging infrastructure, contributed to Tesla’s large R&D expenditure.
6. Tesla vehicle production is up more than 44,000% over 10 years
Tesla produced 3,100 Model S vehicles in its first year of production in 2012. A full 10 years later, Tesla produced 1.37 million vehicles, implying production is up 44,093.5%.
7. Tesla’s US market share fell in 2022 from more than 70%
Tesla’s market share in the US fell from 72% in 2021 to 65% in 2022. However, Tesla continues to completely dominate the market as Ford Motor Company (NYSE: F) ranks second with a 7.6% share of the market. Tesla’s market share decline could be attributed in part to growing competition.
8. Tesla’s production cost and selling price per vehicle has roughly halved since 2017
The average cost to produce a Tesla has fallen by more than half from $84,000 in 2017 to $36,000 in 2022. A fun Tesla fact is that nearly none of the savings can be attributed to lower battery costs. Tesla has invested heavily in its supply chain to create new efficiencies and relocate production to cheaper regions, including international markets like Berlin, Germany.
9. US accounts for 45% of total Tesla’s sales
With the US accounting for around 45% of Tesla’s overall sales, the US is by far the company’s largest market. Tesla made around $54 billion in sales in 2021, with the US contributing about $24 billion of that amount.
10. Tesla has a leading 65% market share in EV vehicles
According to recent statistics from S&P Global Mobility, Tesla continues to rule the market in 2022 with a 65% share during the first nine months of the year. With a new record of more than 200,000 EVs sold in the third quarter of 2022, electric vehicle sales exceeded those of its gas-powered counterparts. However, with a market share of 64%, down from 66% in the second quarter, EV pioneer Tesla is still in the lead.
11. Tesla slashed its delivery time by around 75%
As of the end of 2022, Tesla customers can now receive their car within a week. This compares very favourably from prior years when a month’s wait is the norm. Of course, this Tesla statistic does not apply equally across all models as lead times are dependent on the availability of inventory at the time of the order.
12. Tesla has four car assembly facilities worldwide
Tesla opened its first assembly facility in Fremont, California in 2010 while a factory in Austin, Texas came online in early 2022. Similar assembly factories outside of the US include those in Berlin and Shanghai.
13. Tesla is expected to rival BMW’s production level in 2023 or 2024
BMW produced 2.5 million vehicles in 2021 (most recent full-year data) and Tesla’s management team is targeting around 2.1 million vehicles produced in 2023. If momentum can accelerate faster than expected, Tesla should be able to rival BMW’s production levels in 2023 or in 2024.
14. Tesla has 1/3rd the amount of cash on hand compared to Toyota
Tesla ended Q4 2022 with $22.185 billion in cash, cash equivalents, and investments. By comparison, General Motors Company (NYSE:GM) has $30.3 billion in cash, Ford boasts $40.17 billion, while industry titan Toyota sits on $64.8 billion of cash and cash equivalents in its balance sheet.
15. Tesla grew its headcount by 29.3% in 2022
Tesla started 2023 with exactly 127,855 employees, representing a 23.2% growth rate from 2022. This Tesla
16. 1% of Tesla’s headcount developed the Autopilot system
In 2020, Tesla employed 70,757 people, of which 200 software developers and 500 engineers worked on the FSD and Autopilot systems. The software used in Tesla’s electrical vehicles is closely watched by investors and car enthusiasts alike as this represents the future of travel which makes this Tesla stat quite impressive.
17. Tesla has tens of thousands of Superchargers across thousands of locations worldwide
The Tesla fast-charging network is called Supercharger. Tesla now operates 40,000 Superchargers worldwide, making it the biggest global DC fast-charging network. Those 40,000 Superchargers may be found at over 4,000 different sites worldwide. The world’s largest concentration of superchargers is in the United States.
18. Tesla nearly doubled its US market share in 2022
Tesla’s US market share of all passenger vehicles (i.e electric and non-electric cars) nearly doubled from 2.02% in 2021 to 3.92% in 2022. By comparison, its market share stood at 0.11% in 2015.
19. Tesla sales in China were down 21% in December 2022
Here is a mixed Tesla stat: Tesla sold more than 55,000 cars in China in December. This represents a drop of 21% year-over-year and down 44% from the prior month. However, sales in China during the entire year were up 50%. China is a key market for Tesla as it accounts for around 40% of total sales.
20. Tesla’s European sales skyrocketed 97% in November 2022 with Model Y sales up 260%
Tesla’s European sales of 31,820 units represents an increase of 97% month-over-month. Here’s a fun Tesla stat: Model Y notched a unique title as the best-selling passenger car in November with sales up 260%.
21. Tesla sold 158,612 more cars than BMW in the US market
BMW’s status as the best selling luxury brand came to an end in 2021 as Tesla sold 158,612 units, giving it the unofficial status as the top luxury car brand in the US.
22. Tesla’s self-driving cars gather 3 million miles worth of data per day
Tesla is getting closer to fully self-driving vehicles, or FSD, as it works to improve AI systems in self-driving cars. Tesla CEO Elon Musk estimates that worldwide regulatory approval of “true self-driving” cars won’t take place until data on 6 billion miles is collected. Current fleet learning, Musk noted in 2022, is happening at more than 3 million miles per day. This implies the 6 billion mark won’t be hit until 2027 and we can only assume the regulatory approval process is even slower.
23. Nearly 600 patents belong to Tesla
One of the lesser-known Tesla stats is that it owns 581 patents. About 281 of these patents relate to electrical machinery, while 200 deal with transportation.
24. The statistical majority of Tesla owners are men
84% of all Tesla Model 3 vehicles sold to date are owned by men. As a result, women only own 16% of Tesla Model 3s. Most Tesla owners are males, with the Model S owner demographic being 77% men and the Model X owner demographic being 71% men.
25. The Tesla Model X costs twice as much as the Model 3 to fully charge
A Tesla Model X can be completely charged for around $15.29. Even more affordable is the Model 3, where a full charge just costs $7.65. The Model Y costs $11.47, and the Model S $15.29 to charge.
26. Tesla Cybertruck could play a role in 2024 earnings
Tesla’s upcoming Cybertruck in 2023 is not expected to meaningfully contribute to Tesla’s financial performance in 2023, according to Musk himself. But the CEO expects this to change in 2024 and Wall Street analysts seem to agree with expectations for full year EPS to be down 2.62% in 2023 and up 44.71% the following year
27. Tesla’s digital assets holdings fell by $34 million in Q4 2022
Tesla’s digital assets on its balance sheet was worth $184 million at the end of Q4 2022, down from $218 million at the end of the second quarter. So far in 2023, Bitcoin’s double-digit appreciation is no match to the stock’s 50% surge, so investors may question if Tesla starts to accumulate additional digital assets instead of using it for other initiatives that would create superior shareholder value, such as a share buyback program.
Tesla certainly ranks among the most discussed companies on Wall Street as investors will debate a fair valuation for a dominant company in a rapidly growing market. Even among non investors, Tesla is a popular company as its innovations in electric vehicle production and self driving capabilities is certainly intersting to follow.
Please cite this article as a source if using any of our statistics.
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