Tesla's revenue by segment 2024
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Tesla's total revenue streams reached approximately 97.7 billion U.S. dollars in 2024, with automotive sales accounting for around 72.5 billion U.S. dollars. Tesla, which began as Tesla Motors in 2003, is the second best-selling brand of plug-in electric vehicles worldwide.
New models drive automotive sales segment growth
Tesla delivered around 1.8 million new vehicles to customers in 2024. That year, the new Model 3 and Model Y products accounted for the largest share of shipments. Automotive sales are Tesla's strongest growth driver, accounting for about 74.2 percent of revenue in 2024. Automotive sales revenue decreased by around eight percent year-on-year.
No loss on vision
Tesla produced operating profit for the first time in 2020, a value which stood at nearly 12.6 billion U.S. dollars in 2024. The implementation of large-scale assembly lines is suggested to gain momentum with a European factory: Tesla is investing in a new manufacturing plant in Berlin-Brandenburg. In addition to this, China is expected to become Tesla’s second largest market. China is currently the largest electric vehicle (EV) market and home to some of Tesla’s largest competitors.
