The chart above displays the quarterly net revenue of Tesla Motors from 2020 to 2023. In the last three years, the company has experienced significant growth and started generating positive net income in 2020 after having run in losses for past several years. In fiscal 2022, the net revenue of Tesla reached $81.5 billion. The electrical vehicle manufacturer generated more than $24 billion in net revenue during the furth quarter of 2022. In the first quarter of fiscal 2023, Tesla generated $23.3 billion in net revenue including $20 billion from automotive sales.
Quarterly revenue of Tesla Motors 2011-2023
Amounts are in millions.
FY 2023
Revenue (millions
Q1
$23,329
2022
Revenue
Q1
$18,756
Q2
$16,934
Q3
$21,454
Q4
$24,318
Total
$81,462
Tesla experienced solid revenue growth in 2021 compared to prior year. 2022 has also started on a strong note as the company experienced more than 80% growth in its net revenues during the first quarter of 2022 compared to the same quarter of the previous year. Tesla’s net revenues for the first quarter of 2022 reached $18,756 million compared to $10,389 million in the first quarter of 2021.
2021/quarter
Revenue (millions)
Q1
$10,389
Q2
$11,958
Q3
$13,757
Q4
$17,719
Total
$53,823
Tesla experienced solid growth in its net sales and revenues in 2021 compared to the prior year. Total net revenues of the company for 2021 reached $53,823 million compared to $31,536 million in 2020. The company experienced significant growth in revenues during all the four quarters of 2021.
2020 /Quarter
Net Revenues (million)
Q1
$5,985
Q2
$6,036
Q3
$8,771
Q4
$10,744
Total
$31,536
2020: Tesla experienced solid growth in its net revenues in 2020 compared to the previous year. Its quarterly net revenues grew above $10 billion for the first time in its history. The company generated $10.74 billion in net revenues during the fourth quarter of 2020. The total net revenues of the company for the year reached $31,536 million compared to $24,578 million in 2020.
FY 2019
Net Revenue
Q1
$4,541.4 million
Q2
$6,349.7 million
Q3
$6,303 million
Q4
$7,384 million
H1
$10,891.4 million
H2
During the fourth quarter of 2019, net revenue of Tesla Motors grew to $7,384 million, the highest quarterly revenue of the automobile brand till date.
FY 2018
Revenues (Millions)
Q1
$3,408.8 million
Q2
$4,002.2 million
Q3
$6,824.4 million
Q4
$7,225.9 million
FY 2017
Revenues (Millions)
Q1
$2,696.3 million
Q2
$2,789.56 million
Q3
$2,984.7 million
Q4
$3,288.2 million
FY 2016
Revenues (Millions)
Q1
$1,147
Q2
$1,207
Q3
$2,298.4
Q4
$2,284.6
FY 2015
Revenues (Millions)
Q1
$ 939.9
Q2
$955
Q3
$936.8
Q4
$1,214.4
FY 2014
Revenues (Millions)
Q1
$620.5
Q2
$769.35
Q3
$851.8
Q4
$956.7
FY 2013
Revenues (Millions)
Q1
$561.8
Q2
$405.14
Q3
$431.35
Q4
$615.22
FY 2012
Revenues (Millions)
Q1
$30.2
Q2
$26.7
Q3
$50.1
Q4
$306.3
FY 2011
Revenues (Millions)
Q1
$49
Q2
$58.2
Q3
$57.7
Q4
$39.4
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.
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.