The world needs more visionaries. While clichéd, it rings especially true in light of the current climate. 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 much anticipated 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 25 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 & More :
- 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 3 Is the First Electric Car to Pass 1 Million Sales
- 5. 2021 Tesla Model 3 AWD and 2021 Tesla Model S Plaid Have the Longest Battery Range
- 6. 2020 Was the First Year That It Made a Net Income
- 7. Total Revenue Was About $75 Billion in 2022
- 8. Tesla Shares Reached Its Peak in November 2021
- 9. The US Is Its Biggest Market
- 10. It Delivered 310,000 Vehicles in Q1 2022
- 11. Tesla Sold the Second Most PEVs in First Part of 2022
- 12. Tesla Model Y Is the Best-selling Plug-in Electric Vehicle
- 13. It’s the Sixth Biggest Company in the World
- 14. Consumers Are More Satisfied With Tesla Than Mercedes-Benz
- 15. It’s the Most Valuable Car Brand
- 16. It Plans to Release an Electric Pickup Truck
- 17. Tesla’s Gigafactory in Texas Has Produced 10,000 Model Ys
- 18. It has 580+ Patents
- 19. It Gets Billions of Miles of Real-world Data
- 20. There’s Only One Crash for Every 4.5 Million Miles Driven Using Autopilot Tech
- 21. It Costs $15.29 to Charge a Model X
- 22. It Costs $10.94 to Charge a Model 3
- 23. The Average Salary at Tesla Inc. Is About $134K
- 24. Musk’s Personal Fortune Increased by $36 Billion in One Day
- 25. R&D Spending Increased Almost 20%
- Frequently Asked Questions
25 Electrifying Tesla Stats
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 15+ 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 3 Is the First Electric Car 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.
5. 2021 Tesla Model 3 AWD and 2021 Tesla Model S Plaid Have the Longest Battery Range
A lot has changed since its first models were released and a number of great improvements have been made in terms of battery range. According to online data shared by Statista, the 2021 Tesla Model 3 AWD and 2021 Tesla Model S Plaid were rated as the Tesla electric vehicles with the longest battery range in 2022. The range of Tesla’s Model 3 AWD is 353 miles, while the other Tesla model wasn’t far behind with 348 miles. The overall winner in this category, though, was the 2002 Lucid Air Dream Edition Range with 520 miles.
6. 2020 Was the First Year That It Made a Net Income
Believe it or not, but 2020 was the first year that Tesla made a full-year profit. In 2020, $721 million was attributable to common shareholders and $141 million was attributable to noncontrolling interests.
7. Total Revenue Was About $75 Billion in 2022
2022 was a massive year for Tesla. Building on 2021’s success, they managed to turn a full-year profit for a third year in row. In 2022, the total revenue streams of Tesla added up to $75.863 billion.
8. Tesla Shares Reached Its Peak in November 2021
Between July 2010 and January 2020, the price of Tesla shares traded on the Nasdaq stock exchange didn’t really fluctuate. After it reached its highest price ($381.59 per share) in November 2021, 2022 was a bumpy ride with many price fluctuations. As of August 2022, the price per share was $275.61.
9. The US Is Its Biggest Market
The United States accounted for almost 48% of the total revenue Tesla generated in 2022. In Q3 2022, China generated $5.13 billion in revenue, accounting for nearly 24% of the total turnover.
10. It Delivered 310,000 Vehicles in Q1 2022
Between January 2022 and March 2022, Tesla delivered the most vehicles per quarter yet — 310,000 units. The most vehicles that it managed to deliver in a quarter previously was 308,600 in Q4 2021.
If you’re thinking that you’re seeing a pattern of promising things to come, don’t get your hopes up just yet. Unfortunately, it didn’t manage to increase its output again in Q2 2022 and quarterly deliveries for this period decreased by about 18% to more or less 254,700 units. While the numbers for Q3 and Q4 weren’t available at the time of writing this article, it sure is going to be interesting to see how the remainder of 2022 shaped up. So far, it looks like 2022 is going to be another year for the record books.
11. Tesla Sold the Second Most PEVs in First Part of 2022
In 2020 and 2021, Tesla was the undisputed leading electric vehicle automaker in terms of global sales. In 2020, it sold 510,000 and it managed to sell nearly double that in 2022. Though, BYD, a Chinese manufacturing company, has caught up to the race and between January 2022 and July 2022 they sold slightly more than 800,000 electric cars, making them the global best-seller for PEVs for this period.
12. Tesla Model Y Is the Best-selling Plug-in Electric Vehicle
While BYD might have sold more plug-in electric vehicles between January 2022 and July 2022, Tesla boasts the best-selling plug-in electric vehicle worldwide— the Tesla Model Y. More than 344,900 units of this model were sold during the same period.
13. It’s the Sixth Biggest Company in the World
In 2022, Tesla was listed as the sixth biggest company across the globe by market capitalization and the leader in the automotive sector. Its market capitalization was valued at just over $1 trillion, as of March 2022. With a market capitalization of more than double, Apple was listed as the world's biggest company in 2022.
What makes Tesla’s feat even more impressive is that its market cap increased by more than 74% just in the span of a year. In March 2021, it was valued at “only” $641 billion.
In short, market cap refers to a company’s worth based on the total value of all its shares.
14. Consumers Are More Satisfied With Tesla Than Mercedes-Benz
In terms of consumer satisfaction in the US, Tesla ranks sixth along with Toyota and Subaru, with an index score of 80. Based on this score, it’s more popular than leading automotive brands like Mercedes-Benz, BMW, and Volkswagen.
15. It’s the Most Valuable Car Brand
In 2022, Tesla was listed as the most valuable car brand, according to data shared by Statista. Its brand value was calculated at almost $76 billion. In 2021, it was just over $42 billion. Toyota was in second spot, while Mercedes-Benz was in third place.
Considering that Tesla was named as the fastest growing brand across the globe by Statista and Interbrand’s Best Global Brands 2021 list in 2021, this impressive growth shouldn’t come as a real surprise.
That said, in 2022, while Tesla was still identified as one of the fastest growing brands in 2022, it’s only in fourth spot, after Cartier, YouTube, and Google.
16. It Plans to Release an Electric Pickup Truck
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 Tesla 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. However, Musk confirmed that production won’t start in 2022 either. Instead, it will (hopefully) begin in 2023.
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, it already had more than 1 million reservations in 2021. Though, interested buyers in the UK and EU will have to wait as orders have been paused in these regions.
17. Tesla’s Gigafactory in Texas Has Produced 10,000 Model Ys
Production at the newly constructed Gigafactory in Austin, Texas is well underway. In September 2022, the company announced that it has produced its 10,000th Model Y electric SUV.
It’s expected that this gigafactory, along with the one based in Berlin, will double the company’s production capacity within the next year. Electrek estimates that the production rate at the site in Texas is more than 1,000 vehicles per week. Once it can ramp up its production rate, we might just see the overdue Cybertruck soon.
18. It has 580+ Patents
A study of applications and disclosures that was 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.
19. 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.
20. There’s Only One Crash for Every 4.5 Million Miles Driven Using Autopilot Tech
If you look at the official accident data shared by the company, in 2021 there was only one recorded crash for every 4.5 million miles driven in which drivers used autosteer and active safety features. That said, it was much higher for drivers who didn’t make use of this autopilot technology and the average was about one crash for every 1.3 million miles driven in 2021.
To put this into perspective, according to the most recent information shared by NHTSA, in the US there’s an automobile crash for every 484,000 miles driven.
21. It Costs $15.29 to Charge a Model X
If you have a Model X with a 100 kWh battery and you pay $0.15 per kWh (the national average cost of electricity in the United States), it would cost more or less $15.29 to charge a Model X fully. Though, there are several factors like the charger type and cost of electricity in your region that will impact the cost.
22. It Costs $10.94 to Charge a Model 3
According to SolarReviews, to charge the battery of a 2022 standard Model 3 it will cost about $10.94. This works out to a cost per mile of about $0.04.
23. The Average Salary at Tesla Inc. Is About $134K
According to data shared in the H1B Salary Database, the average salary at Tesla in 2022 was $133,680. Less than 5% earned more than $200K, while 9% of the salaries were less than $100K.
The Director of Software Engineering’s base salary is about $258,000. At the other end of the spectrum, a forecasting analyst takes home about $53,000.
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.
The New York Times reports that what makes Musk’s compensation plan unique is the huge amount of stock that covered pay for many years into the future. To date, he has received about $60 billion in stock. Before you get jealous, the Ts and Cs are very strict. In order to receive the stock, the value of Tesla stock should continue to increase and the company had to meet difficult targets for sales and operating profits.
24. 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%.
25. R&D Spending Increased Almost 20%
According to online data, Tesla’s research and development expenses for 2022 increased almost 20% compared to their Q4 R&D expenses in 2021. This huge increase can be attributed mainly to their focus on innovation and technologies such as charging infrastructure and batteries for their electric vehicles.
Wrapping Things Up
Whether you’re pro-electric car or prefer the roar of a gasoline engine, there’s no denying that Tesla is onto something. Though, will Tesla be able to keep up the pace? Mass adoption and use of electric cars are still pretty much uncharted territory.
That said, 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.