Net Revenue of Tesla Inc. 2007-2019.
Amounts are in millions.
The net revenue of Tesla Motors grew to $24.6 billion in 2019 from $21.5 billion last year.
Net Revenue of Tesla Motors saw sharp growth in 2018. From $11.76 billion in 2017, the net revenue of Tesla rose to $21.46 billion in 2018; yoy growth of 82% approximately.
Tesla has grown famous in a very short span of time for its fully electric vehicle models. It is an innovative car brand. Tesla has brought three models - Models S, X and Model 3. The first two are premium models targeted at the higher end market; Model 3 is a more affordable model. Tesla also intends to bring a more affordable variant of Model 3 with prices starting from $35K.
Compared to 2017, while the net revenues of the brand rose sharply in 2018, its net losses also reduced. The company generates a large pat of its revenue from the sales of automobiles. However, it also generates revenue from other sources including energy generation and storage as well as services and other segment.
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.