Vehicle sales
In 2022, Tesla ranked as the world's bestselling battery electric passenger car manufacturer, with a market share of 18%.[508] Tesla reported 2022 vehicle deliveries of 1,313,851 units, up 40% from 2021.[509][510] In March 2023, Tesla produced its 4 millionth car.[511]
Production and sales by quarter
See also: History of Tesla, Inc. § Timeline of production and sales
100,000200,000300,000400,000500,0003 2012412 20133412 20143412 20153412 20163412 20173412 20183412 20193412 20203412 20213412 20223412 202334
Model S
Model X
Model S/X
Model 3
Model 3/Y
Tesla deliveries vary significantly by month due to regional issues such as availability of car carriers and registration. On March 9, 2020, the company produced its 1 millionth electric car, becoming the first auto manufacturer to achieve such a milestone.[512] In the third quarter of 2021, Tesla sold its 2 millionth electric car, becoming the first auto manufacturer to achieve such a milestone.[513] In the first quarter of 2023, the Model Y became the world's best-selling car, surpassing the Toyota Corolla.[514]
Finances
Graphs are unavailable due to technical issues. There is more info on Phabricator and on MediaWiki.org.
Tesla financial performance
For the fiscal (and calendar) year 2021, Tesla reported a net income of $5.52 billion.[510] The annual revenue was $53.8 billion, an increase of 71% over the previous fiscal year.[510]
Of the revenue number in 2021, $314 million came from selling regulatory credits to other automakers to meet government pollution standards. That number has been a smaller percentage of revenue for multiple quarters.[510]
Tesla ended 2021 with $17.6 billion of cash on hand, down $1.8 billion from the end of 2020.[133]: 31
In February 2021, a 10-K filing revealed that Tesla had invested some $1.5 billion in the cryptocurrency Bitcoin, and the company indicated it would soon accept Bitcoin as a form of payment.[78] Critics then pointed out how investing in cryptocurrency can run counter to Tesla's environmental goals.[515][516] Tesla made more profit from the 2021 investment than the profit from selling cars in 2020, due to the Bitcoin price increase after the investment was announced.[517][518]
The quarter ending June 2021 was the first time Tesla made a profit independent of Bitcoin and regulatory credits.[519]
The key trends for Tesla are (as at the financial year ending December 31):
Year Revenue
(US$ m) Net income
(US$ m) Total assets
(US$ m) Employees Sources
2005 0 −12 8
2006 0 −30 44 70 [520][521]
2007 0.073 −78 34 268
2008 15 −83 52 252
2009 112 −56 130 514
2010 117 −154 386 899 [521]
2011 204 −254 713 1,417 [521]
2012 413 −396 1,114 2,914 [521]
2013 2,013 −74 2,417 5,859 [521]
2014 3,198 −294 5,831 10,161 [521]
2015 4,046 −889 8,068 13,058 [521]
2016 7,000 −675 22,664 17,782 [521]
2017 11,759 −1,962 28,655 37,543 [521]
2018 21,461 −976 29,740 48,817 [521]
2019 24,578 −862 34,309 48,016 [521]
2020 31,536 721 52,148 70,757 [521]
2021 53,823 5,519 62,131 99,290 [521]
2022 81,462 12,556 82,338 127,855 [521]
2023 96,773 14,997 106,618 140,473 [521]
Senior leadership
List of chief executives
Martin Eberhard (2004–2007)
Ze'ev Drori (2007–2008)[522][523]
Elon Musk (since October 2008)[524]
List of board chairs
Elon Musk (2004–2018)[525]
Robyn Denholm (since November 2018)[524]
Board of directors
Tesla has received criticism that its board lacks enough independent directors. In an April 2017 public letter, a group of influential Tesla investors, including the California State Teachers' Retirement System, asked Tesla to add two new independent directors to its board "who do not have any ties with chief executive Elon Musk".[526] The investors wrote that "five of six current non-executive directors have professional or personal ties to Mr. Musk that could put at risk their ability to exercise independent judgement."[527] Tesla's directors at the time included Brad Buss, who served as chief financial officer at SolarCity; Steve Jurvetson, a venture capitalist who also sits on the board of SpaceX;[528] Elon Musk's brother, Kimbal; and Ira Ehrenpreis and Antonio Gracias, both of whom also invested in SpaceX.[529] The letter called for a more independent board that could put a check on groupthink.[527] At first Musk responded on Twitter, writing that the investors "should buy Ford stock" because "their governance is amazing."[527] Two days later, he promised he would add two independent board members;[530] Kathleen Wilson-Thompson and Larry Ellison were added at the end of 2018.[531] Ellison stepped down in August 2022.[532] Former Tesla CTO J. B. Straubel who left the company in 2019, was elected to the board in 2023.[533]
Another criticism of the board composition is that most of the independent directors lack automotive industry experience.[534] The exception is Robyn Denholm who served in finance and corporate reporting roles at Toyota Australia from 1989 to 1996.[535]
Other previous board members include businessman Steve Westly; Daimler executive Herbert Kohler;[285] CEO and Chairman of Johnson Publishing Company Linda Johnson Rice;[536] and United Nations Special Envoy on Innovative Finance and Sustainable Investments Hiromichi Mizuno.[537][538]
As of May 2023, the board members are:[539]
Joined Name Titles Independent
2014[540] Robyn Denholm Chair (since November 2018); former CFO and Head of Strategy of Telstra[535] Yes
2004[13] Elon Musk CEO, product architect, former chairman; founder, CEO and CTO of SpaceX No
2004[541] Kimbal Musk SpaceX board member[542] No
2007[543] Ira Ehrenpreis General Partner at Technology Partners[536] Disputed[526]
2017[536] James Murdoch Former CEO of 21st Century Fox[536] Yes
2018[528] Kathleen Wilson-Thompson Global head of Human Resources of Walgreens Boots Alliance[528] Yes
2022[544] Joe Gebbia Co-founder, board member and advisor of Airbnb[545] Yes
2023[533] J. B. Straubel Founder and CEO of Redwood Materials; former CTO of Tesla[533] Disputed[533][546]
See also
List of automobile manufacturers of the United States
List of Easter eggs in Tesla products
List of production battery electric vehicles
Plug-in electric vehicles in California
Plug-in electric vehicles in the United States
Notes
Footnotes
According to company representatives, both pronunciations are correct,[4] though Nikola Tesla's surname is properly pronounced TESS-lə.
References
"Annual report Form 10-K 2023 Tesla Inc". January 29, 2024. Retrieved January 29, 2024.
"Q4 2023 Shareholder Deck" (PDF). Tesla, Inc. January 24, 2024. Retrieved January 24, 2024.