Figuring Out • 1y
In 2022, Tesla's alone market cap was more than the next ten car companies combined, while Tesla sold only ~1% of the total cars in the world. So, how did Tesla become so valuable? Firstly because of the hype and it's future plans and secondly due to the other ways with which this Startup cum Company also earns which you don't know about! In 2023, Tesla made $78B in revenue and $15B in profit. Below is the revenue breakdown: • Cars: $78B • Regulatory Credit: $1.8B • Lending Cars for rent: $2B • Energy Generation and Storage: $6B • Other: $8B Here is in Detail. Regulatory Credit: The US gov gives these credits to environmental friendly companies, and high CO2 emission companies have to buy them. Energy Generation and Storage: Tesla sells solar panels and batteries to consumers and businesses Other: This includes merchandise, in-app purchases, warranties, servicing, etc So there was much more that Tesla does than you think! What do you think about tesla's future?
AI Specialist | Rese... • 1y
Tesla Gains Big Market Access in China with Price Cuts and Government Approvals 1. Tesla's Model Y approved for Chinese government procurement. 2. First time Tesla vehicles are eligible for Chinese government purchases. 3. Significant opportunity fo
See MoreHey I am on Medial • 1y
Tesla, Inc. was founded by Martin Eberhard and Marc Tarpenning in 2003. Although Elon Musk is often closely associated with Tesla, he joined the company later in 2004 as an investor and chairman of the board. Musk played a significant role in shaping
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