Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Tesla Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Automotive sales
Automotive regulatory credits
Energy generation and storage sales
Services and other
Revenues from sales and services
Automotive leasing
Energy generation and storage leasing
Revenues

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Automotive Sales
The automotive sales revenue demonstrated significant growth from 2020 through 2023, increasing from $24,604 million to $78,509 million. However, in 2024, there was a noticeable decline to $72,480 million, indicating a possible market saturation or increased competition.
Automotive Regulatory Credits
Revenue from automotive regulatory credits remained relatively stable between 2020 and 2021, around $1,580 million and $1,465 million respectively. It then experienced a gradual increase, reaching $2,763 million in 2024, suggesting growing benefits from regulatory incentives or environmental programs.
Energy Generation and Storage Sales
Sales in the energy generation and storage segment showed steady and substantial growth each year, rising from $1,477 million in 2020 to $9,564 million in 2024. This consistent upward trend indicates a strengthening position in energy-related markets and possibly greater adoption of storage solutions.
Services and Other
Revenue attributed to services and other areas saw a continuous increase year-over-year, from $2,306 million in 2020 to $10,534 million in 2024. This growth suggests expansion and diversification of service offerings, contributing increasingly to overall revenues.
Revenues from Sales and Services
This category mirrors the combined growth patterns of automotive sales, energy, and services, climbing from $29,967 million in 2020 to a peak of $94,133 million in 2023, with a slight increase to $95,341 million in 2024. The generally strong upward trend highlights overall robust sales and service performance.
Automotive Leasing
Automotive leasing revenues displayed growth from $1,052 million in 2020 to $2,476 million in 2022, followed by a decline in 2023 and 2024 to $2,120 million and $1,827 million respectively. This reduction could point to changes in leasing strategy or customer preferences.
Energy Generation and Storage Leasing
Leasing revenues in the energy generation and storage segment remained relatively stable, fluctuating marginally around the $500 million mark throughout the period examined. This stability suggests a consistent but limited contribution from leasing in this segment.
Total Revenues
Total revenue exhibited a strong upward trend from $31,536 million in 2020 to $96,773 million in 2023, with a slight increase to $97,690 million in 2024. Despite some segmental fluctuations, overall revenue growth was sustained across the time frame.