- Tesla generated a revenue of $16.93 billion in Q2 2022
- In Q1 2022, a total of $18.76 billion in revenue was generated
- Tesla’s automotive segment generated nearly 86% of the total revenues in Q2 2022
Tesla, the EV manufacturer, generated a revenue of $16.93 billion in Q2 2022, a decrease of nearly 10% as compared to $18.76 billion in revenues in Q1 2022.
Tesla generates its revenues from three segments: automotive sales, energy generation & storage, and services. In Q2 2022, the revenue from Automotive sales stood at $14,602 million (a 13% decline quarter-over-quarter), Energy generation and storage generated $866 million (a 32% decline quarter-over-quarter) in revenues, and revenues from the services segment amounted to $1,466 million (a 138% increase quarter-over-quarter).
Tesla generates the majority of its revenues from its automotive business. In 2021, Tesla produced a total of 930,422 vehicles and delivered 936,222 vehicles.
Automotive sales:
The automotive segment includes manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits.
Automotive sales include production and deliveries of Model S, Model X, Model 3, and Model Y vehicles, including access to Tesla’s Supercharger network, internet connectivity, Autopilot or FSD features, and over-the-air software updates. These vehicle deliveries are vehicles that are not subject to lease accounting.
Automotive regulatory credits include sales of regulatory credits to other automotive manufacturers. Revenue from automotive regulatory credits are directly related to new vehicle production, sales, and pricing negotiated with the customers.
Automotive leasing includes the amortization of revenue for vehicles under direct operating lease agreements as well as those sold with resale value guarantees accounted for as operating leases under lease accounting. Additionally, automotive leasing includes direct sales-type leasing programs where Tesla recognizes all revenue associated with the sales-type lease upon delivery to the customer.
Energy generation and storage:
The energy generation and storage segment includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives.
Services and others:
This segment consists of non-warranty after-sales vehicle services, paid supercharging, sales of used vehicles, retail merchandise, sales by Tesla’s acquired subsidiaries to third-party customers, and vehicle insurance.
