Tesla Net Income/Loss

After having run into net losses for several years, Tesla started generating positive net income over the past three years. Its net revenue and net income have surged faster in the last three years. Tesla generated a positive net income of $862 million for the first time in 2020. In fiscal 2022, the net income of the company reached $12,587 million compared to $5,644 million in the prior year. The total net revenue of the company reached $81.5 billion in 2022.

Net Income/loss of Tesla Motors  2008-2022

Amounts are in millions.

YearNet Income/Loss (Millions)
2018$ (1,063)
2017$ (2,241)
2016$ (773)
2015$ (888.7)
2014$ (294)
2013$ (74)
2012$ (396.2)
2011$ (254.4)
2010$ (154.33)
2009$ (55.74)
2008$ (82.8)

2021: Tesla experienced solid growth in its financial performance in 2021 compared to the previous year. Its net revenues and net income increased signifcantly. Tesla has started generating positive net income since 2020.

In 2021, its net income remained $5,644 million compared to $862 million in 2020. The company experienced a growth of 71% in its net revenues in 2021 compared to 2020. Its total revenues in 2021 grew to $53.82 billion compared to $31.54 billion in 2020.

2018: During fy 2018 Tesla’s net loss declined to $976 million from $1,961 million the previous year. The net revenues of the brand also increased sharply in 2018, rising to $21.5 Billion from $11.8 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.