Tesla

Tesla makes electric cars and energy storage products for homes and businesses. Its vehicles help drivers avoid gasoline and reduce emissions. Its solar and battery systems let users store and use renewable energy day and night.

Plugged In: Tesla’s Main Offerings

• Electric Vehicles (EVs) and Related Automotive Services: Cars and trucks for individuals and businesses, plus automotive services and other; 89.7% of 2024 revenue.
• Energy Generation and Storage: Home and commercial batteries and solar energy products; 10.3% of 2024 revenue.
• Solar Energy: Solar panels and roof tiles for homes and businesses; part of energy segment.
• Supercharger Network: Fast-charging stations for Tesla and other EVs; supports vehicle sales and use.
• Software & Services: Vehicle insurance, maintenance, and driver-assist features; included in automotive revenue.

Charging Ahead: Growth and Expansion Moves

• Launched Cybertruck in November 2023, expanding into pickup trucks.
• Opened new Megafactories in Shanghai and Lathrop, CA for energy storage in 2024.
• Announced Gigafactory in Monterrey, Mexico in March 2023 for global production growth.
• Expanded Supercharger network and opened charging standard to other automakers in 2024.
• Entered new markets with energy storage and solar products, including Powerwall 3 in 2024.

What Makes Tesla Stand Out

Tesla sells directly to customers, skipping traditional car dealerships. It designs and builds its own batteries, software, and vehicles. Its global factories and charging network support rapid product delivery and use worldwide.

Five Things You Need to Know

• Total revenue was $97.69 billion in 2024, up 1% from 2023.
• Energy segment revenue was $10.09 billion in 2024, up 67% year-over-year.
• Operating cash flow was $14.92 billion in 2024, up $1.67 billion from 2023.
• Automotive sales revenue was $72.48 billion in 2024, down 8% year-over-year.

Bottom Line

Tesla has grown from a carmaker to a diversified energy and technology company. Its direct sales, global reach, and focus on innovation shape its position in the electric vehicle and energy markets.