The world needs more visionaries. While clichéd, it rings especially true in 2021. In A Life on our Planet, David Attenborough predicts that by 2100 (and it’s not that far into the future), large parts of the planet will be uninhabitable. So, considering what’s at stake, any company that dedicates itself to clean energy generation deserves attention.
And, it’s not only environmentalists who are eagerly following Tesla's plans for the future. Simone Giertz, a popular YouTuber and creator, grew tired of waiting for Tesla. So, she partnered with fellow YouTubers and creators, like Richard Benoit and Laura Kampf, and transformed a Tesla Model 3 into a pickup truck. She even made a fake truck commercial for Truckla (yes, like all good creations, it had a name). While Truckla didn’t quite have the same futuristic look that the Cybertruck promises to boast, her take on it will probably appeal to a bigger audience.
So, why all the excitement about and interest in Tesla? Are they merely wasting time and resources on pie-in-the-sky ideas? After all, they literally sent one of their cars into space? In this article, we explore over 20 statistics about Tesla. You’ll see that there’s a reason why Elon Musk is, at the time of writing this article, the richest man in the world.
Tesla Stats: Production Stats & Revenue:
- 1. It Was Founded in 2003
- 2. In 2008 It Launched Its First Production Car
- 3. It Designed the First Premium All-electric Sedan
- 4. Model X Was the Safest Sport Utility Electric Vehicle
- 5. Tesla Model 3 Was the Top Plug-in Electric Vehicle in 2020
- 6. The Tesla Model Y Sold Nearly 80,000 Units in 2020
- 7. Model 3 and Model Y Have the Longest Battery Range
- 8. Total Revenue Was Over $30 Billion in 2020
- 9. Tesla Was the Top Plug-in Electric Vehicle Automaker in 2020
- 10. Model 3 Is the First to Pass 1 Million Sales
- 11. It’s the Fastest Growing Brand Worldwide
- 12. The US Is Its Biggest Market
- 13. Tesla Is Less Popular in Europe
- 14. Tesla Was the Most Popular In China in 2020
- 15. As of Q3 2021, Tesla Delivered 627,350 Vehicles
- 16. R&D Spending Increased to Nearly $1.5 Billion
- 17. Musk’s Personal Fortune Increased by $36 Billion In One Day
- 18. The Highest Paid Employee Makes Nearly $270,000
- 19. It Costs $15.29 to Charge a Model X
- 20. It Costs $7.65 to Charge a Model 3
- 21. It Costs About $485 Per Year to Charge an Electric Vehicle
- 22. Tesla Cars Are Designed to be the Safest in the World
- 23. In Q2 2021 There Was Only One Crash for Every 4.41 Million Miles Driven
- 24. It Gets Billions of Miles of Real-world Data
- 25. It has 580+ Patents
- 26. Production for Model Y at New Gigafactory Is Set for End of 2021
- 27. It Plans to Release an Electric Pickup Truck
- Frequently Asked Questions
1. It Was Founded in 2003
In 2003, a group of engineers founded Tesla with the goal of proving that electric vehicles can outclass gasoline cars. During the 18 years that they’ve been in business, they’ve expanded their focus to scalable clean energy generation and storage solutions. On an interesting side note, Elon Musk wasn’t one of the initial founders. It was actually founded by two entrepreneurs – Martin Eberhard and Marc Tarpenning. Musk joined only a year later.
2. In 2008 It Launched Its First Production Car
The Roadster, Tesla’s first production car, was launched in 2008. The 2008 Tesla Roadster was a battery-electric sports car that was based on the Lotus Elise chassis. It was also the first highway-legal serial production all-electric car that used lithium-ion battery cells.
3. It Designed the First Premium All-electric Sedan
After the Roadster, Tesla shifted its attention from sports cars to sedans. It designed the Model S – the world’s very first premium all-electric sedan. It was a huge success and the Model S became the top car in its class in all the categories. It boasted the longest range and could accelerate from 0-60 in 2.28 seconds, another record for its class.
4. Model X Was the Safest Sport Utility Electric Vehicle
In 2015, its product range was expanded with the launch of the Model X. According to Tesla’s website, Model X was the safest, quickest, and most capable sport utility vehicle (SUV) ever. It boasted 5-star safety ratings in every category of the National Highway Traffic Safety Administration (NHTSA).
5. Tesla Model 3 Was the Top Plug-in Electric Vehicle in 2020
According to data that Jose Pontes of EV Volumes compiled for CleanTechnica, the Tesla Model 3 was the top plug-in electric vehicle (PEV) across the globe. Between January and December 2020, it sold 365,240 units. Wuling HongGuang Mini EV was in second spot with 119,255 units sold – not even half of what the Tesla Model 3 accomplished.
One of the major appeals of the Tesla Model 3 is its price. The company describes it as a low-priced, high-volume electric vehicle. To date, it was the company’s most successful attempt to enter the mainstream sector.
6. The Tesla Model Y Sold Nearly 80,000 Units in 2020
In 2020, the Tesla Model Y, a midsize SUV that can seat as many as 7, sold 79,734 units. While it doesn’t come close to the Tesla Model 3’s numbers, it’s still in the Top 5 global plug-in electric vehicles for that year based on sales.
7. Model 3 and Model Y Have the Longest Battery Range
According to online data shared by Statista, Model 3 and Model Y were rated as the electric vehicles with the longest battery range in 2020. The range of Tesla’s Model 3 AWD is 322 miles.
8. Total Revenue Was Over $30 Billion in 2020
In 2020, the total revenue streams of Tesla added up to 31.5 billion US dollars. The vast majority of this revenue (26 billion US dollars) was generated by automotive sales.
The company also invests in research and development, and energy generation and storage services. Its energy generation and storage sector generated almost 2 billion US dollars in revenue in 2020.
9. Tesla Was the Top Plug-in Electric Vehicle Automaker in 2020
With just shy of 500,000 vehicles sold in 2020, Tesla was the undisputed top electric vehicle automaker based on global sales in 2020. In second position, it was Volkswagen that sold 220,220 vehicles and BYD, a Chinese manufacturing company, in third with 179,211 sales.
Other automakers that made the top 10 list include:
- SGMW (170,825)
- BMW (163,521)
- Mercedes (145,865)
- Renault (124,451)
- Volvo (112,993)
- Audi (108,367)
- SAIC (101,385)
When it’s judged in terms of market cap, Tesla was also in first position. As of September 2020, the market capitalization of Tesla was $442,7 billion. In June 2020, Tesla surpassed Toyota for the title of the most valuable automaker across the globe. As of September 2020, Toyota’s market capitalization was only $185.4 billion.
That being said, many argue that Tesla is overpriced. Tesla’s valuation is nearly 20 times its revenue, while Toyota was merely valued at about 0.6 times its annual revenue.
10. Model 3 Is the First to Pass 1 Million Sales
In June 2021, the Tesla Model 3 became the first electric car to pass the 1 million mark in global sales.
11. It’s the Fastest Growing Brand Worldwide
In 2021, Tesla was the fastest growing brand across the globe. According to data shared by Statista, it boasted a brand value growth of 157.6%. It was followed by Alibaba with a brand value growth rate of 108.1% and Apple (87.4%).
In Interbrand’s Best Global Brands 2021 list, it also named Tesla as the fastest-growing brand of 2021. Other tech companies that have made this list are Salesforce and Adobe.
12. The US Is Its Biggest Market
The United States accounted for almost half (15.2 billion US dollars) of Tesla’s revenue in 2020. China was its second biggest market in 2020 and generated almost 6.7 billion US dollars in revenue for the brand.
13. Tesla Is Less Popular in Europe
Unlike the global stats, the plug-in vehicle sales for Europe paints a different picture. In this region, the Renault Zoe boasts the most vehicle sales for 2020 with 99,613. Though, the Tesla Model 3 is trailing right on its rear with 87,642 units sold. However, that’s the only Tesla model to have made the Top 20. While the Tesla Model Y was the fourth most popular plug-in electric based on sales across the world, it hasn’t even made the Top 20 in Europe.
14. Tesla Was the Most Popular In China in 2020
In 2020, the Tesla Model 3 was the electric plug-in that sold the most vehicles. It sold nearly 140,000 vehicles, 20,000 more vehicles than the Wuling HongGuang Mini EV.
However, in January 2021, the Wuling HongGuang Mini EV was in first place with 36,762 vehicles sold. This time it sold about 20,000 more than the Tesla Model 3 for this period.
15. As of Q3 2021, Tesla Delivered 627,350 Vehicles
According to information shared by Statista, quarterly deliveries increased by about 20% during Q3 2021 when compared to Q2 2021. In the first quarter of 2021, they delivered 184,800 vehicles, in the second quarter they delivered 201,250 vehicles, and in the third quarter they delivered over 241,000.
While the numbers for the fourth quarter weren’t available at the time of writing this article, it sure is going to be interesting. In October 2021, Tesla received a single order of 100,000 Teslas!
16. R&D Spending Increased to Nearly $1.5 Billion
In 2020, the company’s research and development spending increased to nearly $1.5 billion. In 2019, its vehicles boasted some of the top battery ranges which can be linked to its increased efforts on the research and development front. Many of the other statistics in our article are more proof that this expenditure was well-justified.
17. Musk’s Personal Fortune Increased by $36 Billion In One Day
On 25 October 2021, Tesla’s shares increased by 13% when it was announced that Hertz Global Holdings ordered 100,000 Teslas, pushing its market value past $1 trillion briefly. The shares of the company have steadily been increasing prior to this deal and, compared to the same period last year, the value was up by over 40%.
More or less 66% of Musk’s net worth is linked directly to options and shares in Tesla. After this deal, his personal fortune is estimated at $288.6 billion. It’s also the biggest one-day gain in the Bloomberg Billionaires Index’s history.
18. The Highest Paid Employee Makes Nearly $270,000
According to data shared in the H1B Salary Database, the Director of Software Engineering at Tesla is the highest paid employee and earns a salary of $266,000. On the other end of the spectrum, it’s reported that an Associate Business Process Analyst takes home about $54,000. Comparably, on the other hand, lists the highest paid job at the company as the Director of Sales who pockets about $255,000 annually, the lowest paid job according to their data is that of receptionist ($38,000 per year).
Records of the H1B Salary Database for 2020 estimate the median salary at $130,000, while Comparably estimates it at just over $160,000 which works out to about $77 per hour.
More interestingly, though, Musk notoriously made “zero” in 2020. While records show that his salary in 2019 was $23,760, he has never accepted his salary. Instead, his compensation package is stock-based. In 2020, this worked out to about $6.7 billion according to Bloomberg. This was the highest compensation among all US chief executives.
19. It Costs $15.29 to Charge a Model X
According to SolarReviews, it would cost more or less $15.29 to charge a Model X fully. Ultimately, the cost to charge a Tesla vehicle will depend on the type of charger and cost of electricity.
20. It Costs $7.65 to Charge a Model 3
According to SolarReviews, to charge the battery of a 2021 Standard Range Model 3 will cost about $7.65. This works out to a cost per mile of about $0.03. If you installed a home solar power system, you could possibly charge your Tesla for about only 35% of this cost.
21. It Costs About $485 Per Year to Charge an Electric Vehicle
A study completed by the University of Michigan revealed that it cost about $1,117 per year to operate an internal combustion engine car. While the cost of operating an electric vehicle differs from one state to the next, the cost to operate an electric vehicle is considerably lower. It’s estimated to cost only $485 on average per year.
22. Tesla Cars Are Designed to be the Safest in the World
At Tesla, vehicles are designed to be the safest across the globe. By using a unique combination of active safety, passive safety, and automated driver assistance, they strive to keep all users of the road (and not just their drivers) protected.
And, the numbers are pretty impressive. Model S, Model X, and Model 3 have received the lowest overall probability of injury of any car that the US government’s New Car Assessment Program has ever tested.
A lot of this safety can be attributed to its battery pack’s structure. As it’s mounted to the floor of the vehicle, it adds significant strength to the vehicle.
It also uses over-the-air software updates that enable them to introduce safety features and enhancements to their cars after it has been delivered.
23. In Q2 2021 There Was Only One Crash for Every 4.41 Million Miles Driven
According to Tesla’s accident data, they recorded only one crash for every 4.41 million miles driven in which drivers used Autopilot technology in Q2 2021. Drivers who didn’t use the Autopilot technology recorded one crash for every 1.2 million miles driven. To put this into perspective, according to the most recent information shared by NHTSA, in the US there’s an automobile crash every 484,000 miles.
24. It Gets Billions of Miles of Real-world Data
Every Tesla is connected which means that the company can analyze billions of miles of real-world data that they get from their international fleet to make sense of how accidents can happen. Using this information, they’ve created features to assist the drivers of their vehicles to avoid accidents. Thanks to the over-the-air software that they use, they can then release updated versions of existing safety features that consider this real-world data gathered by their fleet.
25. It has 580+ Patents
A study of applications and disclosures that were completed jointly by Intellectual Property Landscape, a Tokyo analytics company, and Nikkei, revealed that Tesla has more than 580 patents as of March 2021. The majority of these patents (281) are linked to electrical machinery, while fewer than 200 are connected to transportation.
More interestingly, Tesla announced that they won’t initiate patent lawsuits against an individual who, in good faith, wishes to use their technology. To them, it’s more important that electric vehicle technology and sustainable transport solutions will benefit.
26. Production for Model Y at New Gigafactory Is Set for End of 2021
Two years ago, Musk first announced that the location of Tesla’s European Gigafactory will be near Berlin in Germany. Referred to as a machine that builds the machine, the German Gigafactory is in the final phases of construction. In October 2021, Musk revealed that the company’s goal is to start production of its Model Y at this new site before the end of 2021.
Currently, Tesla operates from four facilities. The Gigafactory in Berlin will be its fourth gigafactory. Another gigafactory is currently under construction in Austin, Texas.
27. It Plans to Release an Electric Pickup Truck
In 2022, Tesla plans to launch its first electric pickup truck. Till now, the majority of its models were electric passenger cars that include crossover vehicles and sedans.
The Cybertruck was first unveiled in 2019. It was originally planned to be launched by the end of 2021, but delays have pushed the launch to 2022.
In 2019, when it was unveiled, the company started to take reservations with a $100 refundable deposit. Within seven days, they had already received 250,000 reservations. According to a crowdsourced Cybertruck reservation tally, the Cybertruck currently already has more than 1 million reservations.
Wrapping Things Up
Whether you’re pro-electric car or prefer the roar of a gasoline engine, there’s no denying that Tesla is on to something. Though, will Tesla be able to keep the pace? Mass adoption and use of electric cars are still pretty much uncharted territory.
Though, with Musk behind the wheel, not even the sky’s the limit. Plus, these statistics want to indicate that Tesla will only go from strength to strength in the coming years. If they can sell 100,000 vehicles in one day, just imagine what their future has in store not only for them but also our planet.
Frequently Asked Questions
Who founded Tesla?
Tesla was founded by Martin Eberhard and Marc Tarpenning in 2003 with the objective of proving that electric vehicles can outperform gasoline cars. Elon Musk, who had been interested in the potential of electric cars for a long time, joined only a year later in 2004 as one of the first significant investors and the chief executive officer of Tesla. Initially it was also named Tesla Motors and only later renamed to Tesla.
What was Tesla’s first car?
The 2008 Tesla Roadster was the company’s first production car. It was launched in 2008, five years after the company was founded, and was based on the Lotus Elise chassis. It was a battery-electric sports car and the first highway-legal serial production all-electric car that used lithium-ion battery cells. Since then, they’ve launched a number of other electric cars that include the Tesla Model 3, Model X, and Model S (the world’s very first premium all-electric sedan).
What is the fastest growing brand?
Tesla has been identified as the fastest growing brand across the globe in 2021. According to data shared by Statista, it boasted a brand value growth rate of a whopping 157.6%. It was followed by Alibaba with a brand value growth rate of 108.1% and Apple (87.4%). The Interbrand’s Best Global Brands 2021 list also named Tesla as the fastest-growing brand of 2021.
How much does Elon Musk make?
Elon Musk made “zero” in 2020. Records show that his salary in 2019 was $23,760, but he has never accepted his salary. Instead, his compensation package is stock-based. In 2020, this worked out to more or less $6.7 billion according to Bloomberg. This was the highest compensation among all US chief executives. About 66% of Musk’s net worth is linked directly to options and shares in Tesla. As of October 2021, his personal fortune is estimated at $288.6 billion.
Are Tesla cars safe?
Yes! Tesla vehicles are designed to be the safest across the globe. By using a combination of active safety, passive safety, and automated driver assistance, they strive to keep everyone safe. In fact, Model S, Model X, and Model 3 have received the lowest overall probability of injury of any car that the US government’s New Car Assessment Program has ever tested. In Q2 2021, they recorded only one crash for every 4.41 million miles driven in which drivers used Autopilot technology.