Revenue generated by Tesla increased to around 96.8 billion U.S. dollars in the 2023 fiscal year, with the United States spearheading demand. The U.S. generated about 45.2 billion U.S. dollars in revenue for Tesla, just over 46.7 percent of the overall total. This compares to revenue of approximately 21.75 billion U.S. dollars from sales in China, the second-largest revenue generator.
Tesla’s industry rankings
In recent years, General Motors and Toyota held the highest percentage of market share among vehicle manufacturers in the United States. Despite holding only a small percentage of the market, Tesla excels within the electric vehicle segment. Tesla’s Model Y sold the largest number of all-electric vehicle units in 2023.
Tesla company overview
Tesla is an electric vehicle company that was founded in 2003 in the United States. The company also manages some energy generation and storage services for its consumers. Tesla’s electric vehicles are produced in Fremont, California in the United States. A large proportion of Tesla’s revenue streams is derived from automotive sales (excluding leasing). Tesla also invests in research and development: Tesla’s R&D expenses peaked in 2023.
