Where does Tesla get its income from?

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Tesla, the electric car maker led by Elon Musk , has seen its revenue soar over the past decade as more customers opt for greener modes of transportation. But the company not only makes money from the sale of electric cars, but also from the sale of emissions credits and energy generation and storage products. Tesla's quarterly revenue has hit a high of $24.3 billion Tesla's revenue has risen steadily over the past decade, peaking at $24.32 billion in the fourth quarter of 2022 before falling slightly to $23.33 billion the following quarter, company filings show. the regulators. The automaker had total revenue of $81.5 billion in 2022, ranking it 50th on the Fortune 500 list , which groups American companies based on their revenue. Although Tesla's revenue in 2022 increased more than 50% compared to 2021, it was still half of Ford's.

Tesla made a gross profit of $20.9 billion in 2022, which is a gross profit margin of 25.6%. It posted its first full-year profit in 2020, a decade after going public. Where does Tesla's income come from? Tesla earns its income from various sources. Although the vast Malta Phone Number List majority comes from sales of its cars and the features that complement them, such as autonomous driving upgrades, Tesla made about 17.5% of its 2022 revenue, or $14.3 billion, from other sources. How much does Tesla earn from selling cars? Tesla earned $67.2 billion from what it calls auto sales in 2022 , which includes sales of its Model S , Model driving , the company's automated driving system—, Internet connectivity and over-the-air software updates.



Tesla prices vary greatly depending on the vehicle and specifications: the Model Y, the cheapest, costs from 46,490 euros in Spain, while the Model X Plaid sells for a minimum of 136,490 dollars. Revenue from this line soared 52% from 2021 to 2022, which Tesla attributed to increased Model Y production at its Shanghai and Fremont factories and the start of vehicle production at its Tesla Gigafactory facilities. in Berlin-Brandenburg and Texas, along with a higher average sales price. Production and average prices of Model S and Model X vehicles also increased, Tesla said in its annual report. The company also noted that it earned $324 million in revenue from expanding the Tesla FSD beta to all North American customers in November.