22 Tesla Statistics Putting You on the Road of Reliability

According to Tesla statistics, the car company was founded in July 2003. Since then, it has risen to become the world’s largest electric vehicle manufacturer. Below, we’ll look at how this happened and what the future might hold for Tesla.

If you like what you’ve heard so far, buckle up and get ready for one heck of a ride!

Top 10 Tesla Stats and Facts for 2024

• Tesla had 70,757 employees worldwide at the end of 2020.
• Tesla spent over $1.5 billion on research and development in 2020.
• The company with the fastest rising brand value in 2021 was Tesla.
• In 2020, Tesla was the best-selling electric vehicle.
• Tesla delivered a record 627,350 vehicles in the first three quarters of 2021.
• In 2020, Tesla sold 292,902 vehicles in the US.
• In the fiscal year 2020, Tesla’s revenue increased to roughly $31.5 billion.
• Tesla’s market capitalization rose to $641 billion in March 2021.
• In 2021, Tesla held around 2% of the US automotive market share.
• Tesla is planning to produce its first electric light-duty truck this year.

General Tesla Statistics

Tesla was founded in California nearly 20 years ago. It has since become the most valuable automobile brand in the world. We’ll discuss some other general stats and facts about this cutting-edge car company in the section below.

1. Tesla was invented in 2003.

(Source: The Street)

Engineers Martin Eberhard and Marc Tarpenning created Tesla in San Carlos, California. It was formerly known as Tesla Motors until it changed its name in 2017.

The car company was named after the 19th-century inventor Nikola Tesla, famous for his electrical engineering and science contributions. 

2. Tesla had 70,757 full-time employees worldwide at the end of 2020.

(Source: SEC)

According to Tesla company statistics, no work shutdowns have occurred due to labor conflicts. It additionally stated its relationship with its employees is positive. 

Tesla attracts, develops, and retains top personnel. Their objectives include incorporating diversity, equity, and inclusion practices into its fundamental values.

3. According to Tesla demographics stats from 2020, 83% of Tesla’s leadership was male.

(Source: Tesla)

Tesla released its first-ever diversity report in 2020. More specifically, it noted that 17% of its leadership is female. 

Furthermore, the report showed that Black and African American employees made up about 10% of Tesla’s workforce. In comparison, Asian employees made up 21% of the workforce.

4. In 2020, Tesla spent almost $1.5 billion on research and development.

(Source: Macro Trends / Visual Capitalist)

Due to its increased investing in recent years, Tesla has become the US’s dominant electric vehicle (EV) manufacturer in the US. The company spends an average of $2,984 per car sold on research and development,  around three times what other traditional automakers spend.

5. Tesla stats from 2021 reveal that it was the world’s most valuable automotive brand.

(Source: Kantar)

Tesla had been steadily climbing the list of the world’s most valuable car brands. In fact, it has a brand value of over $42 billion. Moreover, 2020’s leader, Toyota, is now in second place, followed by Mercedes-Benz.

6. Tesla produced an astounding 241,300 vehicles in the third quarter of 2021.

(Source: Tesla Rati)

Model S and Model X automobiles accounted for 9,275 of the total. Additionally, Model 3 and Model Ys accounted for the remaining 232,025 automobiles. 

Facts about Tesla point out that these are the company’s mass-market vehicles, which represent a significant share of quarterly deliveries.

7. Tesla was the brand with the fastest rising value in 2021.

(Source: Inside EVs)

Furthermore, this marked a growth rate of approximately 184% from the previous year. In addition, the three major drivers of Tesla’s success over that year were strategy, agility, and engagement.

Other popular brands like Apple and Amazon were also on this list during the same period, but their value rose by only 26% and 24%, respectively. 

Tesla Sales Statistics

In the first eight months of 2021, Tesla sold 473,136 vehicles. All in all, this is more than any other EV manufacturer. Keep reading to learn more amazing sales stats about this new auto industry titan.

8. Tesla was the best-selling EV car in 2020.

(Source: Statista)

Tesla sold slightly under 500,000 EV’s worldwide that year. The new Model 3 and Model Y products, in particular, accounted for nearly 90% of shipments. Moreover, sales revenue climbed by more than 30% from the previous year.

9. Tesla sales by country affirm that its most important market is the US.

(Source: Seeking Alpha / CNBC)

The US market brought in somewhere around $15.2 billion in sales for Tesla. In other words, that accounted for just under half of its total. In comparison, China, the second-largest income source, generated about $6.6 billion in revenue. 

In fact, China’s share of overall Tesla sales increased to 22.6% in the third quarter of 2021.

10. Europe was Tesla’s third-largest market, as per stats on Tesla sales by country from 2021.

(Source: TESMANIAN)

Namely, Tesla’s European sales increased by about 240% year over year in May 2021. Although sales were lower than planned owing to COVID-19, the company sold 2,698 cars by the end of the month — substantially more than any other manufacturer.

11. Tesla delivered a record 627,350 vehicles worldwide in the first three quarters of 2021.

(Source: Statista)

Compared to sales for the entire year of 2020, this is a 16% rise. At the same time, Tesla’s Model 3 has become the best-selling EV globally. 

As a matter of fact, according to Tesla sales figures from 2021, the Model 3 became the first electric car to sell one million units worldwide in June 2021.

12. Tesla sold 292,902 vehicles in the US in 2020.

(Source: Future Car / GCBC) 

That was a 50.1% increase over the previous year (195,125). However, new electric cars entered the market in the US in 2021, including Volkswagen’s ID.4 SUV, giving Tesla more competition than it had ever faced.

Statistics About Tesla — Market Size

The brand’s market valuation set new records in 2020, making it the most successful full financial year to date. Keep reading to learn more about Tesla’s market size and value.

13. Tesla’s revenue increased to roughly $31.5 billion in 2020.

(Source: Statista)

This figure represents around a 28% increase over the previous year. As a matter of fact, Tesla’s automotive business generated more than $27 billion in revenue that year, according to stats for Tesla. 

The Tesla Model S, Tesla Model X, Tesla Model 3, and the newly announced Tesla Y are among the EV maker’s model lineup as of March 2020.

14. In 2020, the company’s market value surpassed previous peaks, reaching $442 billion in September.

(Source: WSJ)

On the one hand, stock investors’ enthusiasm for Tesla’s potential has pushed the company’s stock to new highs. On the other hand, bondholders are more cautious, partly due to Tesla’s habit of spending more money than it earns.

15. Tesla sales numbers from 2020 reveal that its energy generating and storage segment brought in $2 billion.

(Source: iClimaEarth)

Tesla’s energy solutions include solar energy and energy storage products. For instance, its Powerwall can store energy for small commercial or residential users. 

Furthermore, customers can use its Megapack and Powerpack as energy storage solutions for commercial, industrial, utility, and energy generation. Plus, the company’s retrofit solar energy systems and premium glass solar roof tiles are two solar alternatives for energy generation. 

16. Tesla common stockholders earned $721 million in net income in 2020.

(Source: Statista / SEC) 

According to Tesla statistics, this was a $1.58 billion increase compared to the previous year. As a matter of fact, Tesla made a full-year profit for the first time. At the same time, in 2020, net income from noncontrolling interests was $141 million. 

17. Tesla’s global EV market share dropped by 21% in September of 2021.

(Source: Seeking Alpha)

Generally speaking, Tesla stock is trading as if it had a market position similar to operating systems, web browsers, and social media platforms. 

Namely, for the first seven months of 2021, its market share was 13.9%. In comparison, it was 17.7% until July a year ago, as per stats on the Tesla market share from 2020. 

18. The brand’s market capitalization rose to $641 billion in March 2021.

(Source: NY Times / PWC)

This stat indicates that it was more than six times its market capitalization from March 2020, translating to an incredible 565% increase. What’s more, it went on to surge to one trillion dollars in October of the same year. 

19. Tesla held around 2% of the US automotive market share in 2021.

(Source: Collegian / GCBC) 

It was actually 2.02%, up from 1.99% in 2020. And in 2019, the Tesla US market share was somewhere around 1.15%. 

However, Tesla still has the most considerable stock value of any automobile firm. What’s more, its total worth is more than its ten closest competitors combined.

Interesting Facts About Tesla

Since its inception, Tesla has become an incredibly popular brand. Due in no small part to Elon Musk, who became CEO of the company in 2008. As our article comes to a close, let’s look at some other intriguing facts about the EV company. 

20. Tesla plans to produce its first electric light-duty truck this year.

(Source: Electrek)

Tesla first introduced the Cybertruck in 2019. The electric pickup truck was meant to hit the market by the end of 2021. However, that deadline came and went, and the new release date is now set for this year (2022). 

The Cybertruck’s delays are due to features such as its steel exoskeleton body, which requires an entirely new manufacturing process.

21. Tesla fun facts reveal that Nikola Tesla was honored with the company’s name.

(Source: Big Think)

Nikola Tesla (1856–1943) was a Serbian-American engineer, physicist, and futurist. The electric vehicle company took his name because it implements AC induction motors, which Tesla himself developed.

22. Tesla vehicles may not be as environmentally friendly as we thought.

(Source: Chipex)

Indeed, they’re better than gasoline or diesel cars. However, they have their own set of problems, such as Lithium. For instance, mining for this alkali metal can harm the environment, as Tesla facts uncover. 

Conclusion

Hopefully, the Tesla statistics presented here have given you insight into the electric vehicle manufacturer’s humble beginnings and current worldwide popularity. Tesla and other similar EV car brands will likely become the standard in automobile manufacturing.

Therefore, it’s easy to imagine that this newer car company is here to stay.