$678.85B. Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, batteries, and solar panel manufacturing. It is one of the most popular and well-known companies in the world for its innovative technology. As of 2022, Tesla’s net worth is $678.85 billion.
How Tesla Makes Money?
The majority of Tesla’s revenue comes from the sales of its electric vehicles. In 2019, Tesla delivered just over 367,000 vehicles and generated $24.6 billion in revenue from car sales. The company also earns revenue from selling regulatory credits to other automakers.
These are credits that tesla receives from the government for exceeding emission targets set by the Clean Air Act. In 2019, Tesla sold $401 million worth of these credits to other companies.
In addition to cars and regulatory credits, Tesla also generates revenue from its energy business. This includes solar roofs, home batteries, commercial batteries, and vehicle charging stations. In 2019, this segment brought in $666 million for the company.
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Looking Ahead
Despite the COVID-19 pandemic causing a decrease in demand for cars globally, Tesla still managed to deliver 88,400 vehicles in the first quarter of 2020. The company is now worth more than Ford and General Motors combined. With continued innovation and a strong focus on sustainable energy solutions, there’s no telling how high Tesla’s net worth will go in the years to come.
Conclusion:
Tesla is one of the most popular and well-known companies in the world for its innovative technology. As of 2020, Tesla’s net worth is $51.2 billion. The majority of Tesla’s revenue comes from the sale of its electric vehicles with 2019 revenues totaling $24.6 billion dollars from car sales alone.
The company also earns revenue from selling regulatory credits to other automakers and from its energy business which includes solar roofs, home batteries, commercial batteries, and vehicle charging stations.
Despite the COVID-19 pandemic causing a decrease in demand for cars globally, Tesla still managed to deliver 88,400 vehicles in the first quarter of 2020 proving that the company is here to stay.