Owned by the often controversial and sometimes entertaining Elon Musk, Tesla has come a long way since its early days and has grown to become one of the most valuable car manufacturers in the world.
In this article, we will provide an overview of the company, give you a host of Tesla statistics to draw on, and provide some interesting facts as well.
The 10 Most Important Tesla Statistics for 2023
Tesla had $24.32 billion in revenue in 2022.
Tesla cars, on average, depreciate slower within their first year than other cars.
To date, Tesla sold more than 3.5 million cars.
2022 saw Tesla stock drop by 65%.
Tesla autopilot safety data is inconclusive.
Tesla drivers are less distracted but are worse when it comes to acceleration safety.
The company was founded in 2003, but Musk became CEO in 2008.
Compared to 2021, the company increased vehicle production by 47% in 2022.
Tesla factories employ over 70,000 people.
Tesla superchargers can charge 200 miles’ worth of driving in 15 minutes.
The EV Market and Tesla’s Finances
Tesla revenue numbers show they had a total of $24.32 billion in 2022.
This is a 37% increase when compared to 2021. Their gross profits were at $5.77 billion, a 19% increase compared to the previous year.
Furthermore, their operating expenses were 16% lower compared to 2021, being at just $1.87 billion.
(Tesla)
Most of the production and delivery challenges Tesla faced in 2022 were centered on China.
Other challenges were presented in costs regarding raw materials, commodities, warranties, and logistics, as well as the cost of the production ramp of 4680 energy cells.
However, the Tesla growth rate seen in 2022 can primarily be attributed to a growth in vehicle deliveries, the growth of other parts of their business (like Tesla Energy), and a growth in their ASP.
(Tesla)
Electric vehicle sales increased by 75% in Q1 of 2022, when compared to Q1 of 2021.
In fact, 2021 saw 6.6 million cars sold, a 100% increase when compared to 2020. However, there 2 million EVs sold in the first quarter of 2022.
Core factors behind this growth include subsidies and incentives for EVs, which were at a global $30 billion in 2021. Sales in Europe increased by 65% in 2021, compared to 2020, while China was responsible for 3.3 million EV sold in 2021.
However, the Russo-Ukraine War, along with the Covid-19 Pandemic, have disrupted global supply chains, which might hinder further growth.
(International Energy Agency)
EV sales are lagging in emerging and developing economies.
These countries include Brazil, India, and Indonesia. Namely, these cars are simply not affordable in these countries, where only 0.5% of all cars sold are electric.
(International Energy Agency)
Tesla is still overwhelmingly dominant in the luxury EV market.
Tesla has a 65% market share of the total EV market, with Ford being the closest at 7%, and Kia being in third place at 5%. However, this is still a substantial decrease when compared to 2020.
While Tesla statistics show the company is losing its market share in other segments of the EV market, 86% of all registered luxury electric vehicles are Teslas.
The second largest competitor is Audi, at 3%, lagging far behind Tesla.
(S&P Global Mobility)
Certain Tesla models lose 40 to 50% of their value within five years.
In fact, the Tesla depreciation rate is at 13% in the first year. In comparison, the average car loses 20% of its value in its first year, and also loses roughly 40 to 50% within five years.
However, this does depend on the model, with the Model 3 losing only 6.7% of its value in its first year, while the Model S loses 20.9%.
(Get Jerry)
Has sold a total of 3,638,901 electric cars.
Tesla sales numbers are very impressive, with over 3.5 million cars sold worldwide. The company showed almost exponential growth over the years, selling only 100 cars in 2008, reaching 103,181 cars sold in 2017, and breaking the one million mark in 2022.
(LiCarco)
In 2022, Tesla stock dropped by 65% share price and destroyed $672 billion in market value.
Losing $204 million In Bitcoin in the same year was the least of their troubles. Many investors and analysts believe Musk spent too much of his money, time and energy on Twitter, distracting him from his duties as CEO of Tesla.
(New York Times)
Investors no longer believe Tesla will become the Apple of the auto industry.
All the stock-related Tesla statistics for 2022 do not paint a pretty picture. This has pushed some investors and former Tesla die-hards away from viewing the company as being permanently at the top of the electronic vehicle food chain.
In fact, finance professor Efraim Benmelech believes investors now seem to think that Ford Motor and General motors, the old guard, will be able to challenge Tesla in the future.
(New York Times)
Tesla Innovation and Consumer Demographics
400,000 Full Self-Driving Beta functionalities were released to US and Canadian customers.
Furthermore, Tesla released an official document on the number of accidents regarding Autopilot crashes. The Tesla autopilot crash rate statistics show a significantly lower number of accidents per mile driven compared to the United States average.
However…
(Tesla)
Tesla’s Autopilot safety data might be misleading.
The general consensus by experts, reported by the New York Times, is that the crash numbers provided by Tesla might be misleading.
The main issue experts have with Tesla accident rate reports, in regard to their autopilot system, is that the autopilot feature is predominantly used on highways. According to the data, highway traffic is twice as safe as city traffic, and so it does not present a fair comparison.
(New York Times)
83% of Tesla drivers are male, and score worse than 98% of other drivers when it comes to acceleration safety…
Tesla demographics also show that they are mostly engineers, operations managers, and software engineers.
Furthermore, Tesla drivers scored worse than 98% of all other drivers regarding acceleration safety. Experts believe this is due to the powerful acceleration functionalities of many Tesla cars.
The only drivers that scored worse in acceleration safety were Aston Martin and Maserati supercar drivers.
(Get Jerry)
…but are less distracted compared to other drivers.
Some other interesting Tesla facts show that Tesla drivers ranked 10th (out of 52) when it comes to handling your phone while driving. In comparison, Aston Martin drivers were the least distracted, taking first place.
(Get Jerry)
The Average age of a Tesla owner, for the Model 3, is 38 in the US.
In Canada, however, the average is 51. In the states around 70% of all Tesla car owners are 34 or younger, however, with most of them being Millenials and Gen Z.
The data shows that Tesla’s target audience are families with kids, mostly professionals, senior managers, and executives.
(Calendar Canada)
Interesting Facts and Stats About Tesla
Tesla was founded in 2003, and Elon Musk became CEO in 2008.
The company was founded in July 2003 by Martin Eberhard and Marc Tarpenning. At the time, it was known as Tesla Motors. In 2004 Musk invested $6.5 million into the company and became its largest shareholder.
However, it was only until 2008 that Tesla released its first car, the Roadster.
(Wikipedia)
In 2009 Martin Eberhard, co-founder of Tesla, accused Musk of mismanaging the company.
This led to a number of court battles that were finally resolved in September of 2009. The defamation suit filed by Musk against Eberhard was settled out of court.
(GreenCar Reports)
Compared to 2021, Tesla increased vehicle production by 47% and vehicle delivery by 40%.
In total, Tesla sales statistics show they sold 1,369,611 vehicles in 2022, and delivered 1,313,851. More than 90% of these sales and deliveries were of the Model 3/Y, the rest being the Model S/X.
(Tesla)
Tesla factories employ more than 70,000 people.
Furthermore, Tesla industry analysis shows that its factories span over 3 continents. They have factories in:
Fremont, California - produces the Model S, Model 3, Model X, and Model Y
Nevada - produces electric motors, powertrains, and batteries
New York - Build Solar Roofs, panels, and electrical components for superchargers
Berlin-Brandenburg - produces the Model Y and batteries
Texas - produces the model Y and the Cybertruck
Shanghai - produces the Model 3 and Model Y
(Tesla)
In Q3 of 2022 Tesla held 65% of the EV market, a 14% decrease from 2020.
While Tesla global market share numbers clearly show it's the current market leader, it might be losing its foothold.
In Q3 of 2021, it had a market share of 71%, and in Q3 of 2020, its market share was at 79%. Certain forecasts signal it will go down to as low as 20% in 2025.
The core reasoning here is the growing number of affordable EVs being released by old guard car manufacturers.
(CNBC)
Musk’s net worth dropped by $182 billion in 2022.
Saying Elon Musk’s purchase of Twitter was unpopular is quite an understatement. As an example, only 23% of Brits have a favorable opinion of Musk.
His net worth drop earned him a Guinness World Record, far surpassing the previous record holder Masayoshi Son, who lost $58.6 billion in 2000. However, 2022 was a bad year for billionaires in general, with Bezos losing $80 billion and Zuckerberg losing $78 billion.
(CNBC)
To Wrap Up
Tesla has been a leading player in the electric vehicle market for years now. And despite a rocky year for its stock and Musk’s controversial foray into the social media market, the company is growing strong. With plans for further expansion and the continued development of cutting-edge technology, Tesla’s position as a market leader might get challenged, but it will take a lot to dethrone the company.
Tesla FAQ
What is the cheapest Tesla?
How much does it cost to charge a Tesla?
How long does it take to charge a Tesla?
How long does a Tesla battery last?
How many cars does Tesla make a day?
Sources:
