Tesla Research and Development Costs

Research and development expenses of Tesla 2006-2019.

Amounts are in millions.

 

YearR&D Costs (Millions)
2018$1460.4
2017$1378.1
2016$834.4
2015$717.9
2014$464.7
2013$232
2012$274
2011$209
2010$93
2009$19.3
2008$53.7
2007$62.8
2006$25

Tesla is an innovative brand of automobiles and energy generation and storage products. The company places heavy focus on research and development. Every year, the brand invests a large sum in R&D.

In Fy 2019, the research and development expenses of Tesla were $1.34 billion, down from $1.5 billion in 2018.

In FY 2018, Tesla's R&D expenses grew to $1.5 Billion from $1.4 Billion in 2017.

About Tesla:

Tesla is a renowned global brand of electric vehicles. It was founded in the year 2003. The company is headquartered in Palo Alto, California, United States. Apart from automobiles, Tesla also sells energy generation and storage systems.  The automobile product range of Tesla includes Model 3, Model Y, Model S, Model X, Cybertruck, Tesla Semi and a new Tesla Roadster. The company is led by its CEO Elon Musk. In 2019, Tesla delivered around 367,500 vehicles.