The chart above displays the gross profit of Tesla Motors from 2010 to 2022. In fiscal 2022, Tesla experienced solid revenue growth. The total net revenue of the company reached $81.5 billion. Its gross profit for 2022 remained $20.85 billion compared to $13.6 billion in the prior year.
Gross Profit of Tesla 2009-2022
Amounts are in millions.
| Year | Gross Profit (Millions) |
| 2022 | $20,853 |
| 2021 | $13,606 |
| 2020 | $6,630 |
| 2019 | $4,069 |
| 2018 | $ 4,042 |
| 2017 | $ 2,222.50 |
| 2016 | $ 1,599.26 |
| 2015 | $923.50 |
| 2014 | $881.70 |
| 2013 | $456.30 |
| 2012 | $30.10 |
| 2011 | $ 61.60 |
| 2010 | $30.73 |
| 2009 | $ 9.54 |
2021: Tesla experienced solid improvement in its financial performance in 2021 compared to the last year. Its net revenues increased 71% in 2021 compared to the last year. The company generated $53.8 billion in net revenues in 2021 compared to $31.54 billion in 2020. Tesla’s gross profits in 2021 were more than double the previous year. Its gross profit for 2021 remained $13.6 billion compared to $6.6 billion in 2020.
2019: Gross Profit of Tesla remained nearly flat in 2019 compared to the last year. Its gross profit for 2019 reached $4,069 million in 2019 from $4,042 million in 2018. net revenue of the company grew by around $3 billion in 2019 compared to the rpevious year. 2019 net revenue of Tesla reached $24.6 billion compared to $21.5 billion in 2018.
2018: Gross Profits of Tesla increased to $4,042 millions in 2018, rising from $2,222.5 millions in 2017. Tesla is an innovative automotive brand known mainly for its fully electric vehicles. However, the company aslo generates its revenue from energy generation and storage products.
Tesla has released three models of cars incuding Model S, Model X and Model 3 which it also expects to release a cheaper variant of in future at a starting price of only $35,000. The rest are premium models made for the higher end market. These cars also come loaded with great features and style.
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.
Tesla is a leading brand in the area of sustainable technology. Apart from making eco-friendly and electrical cars, it also makes and sells solar energy generation and storage systems. The revenue and profits of the brand have grown very fast during the last 5 years. Tesla’s gross profits in 2017 were higher than 22.22 Billion dollars. This represented a rise of more than 6 Billion dollars over the previous year. In 2016, its gross profit was 15.99 Billion dollars. Tesla’s Gross profit in 2017 from Automotive & services and other segment was 19.8 Billion dollars whereas that from energy generation and storage products was 241.72 million dollars. Previous year, (2016), its gross profit from the power generation and storage products was only 3 million dollars whereas that from Automotive & services and other products was 15.96 Billion dollars. Overall gross profit rose across both the segments in 2017.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.