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Havish Gupta
Figuring Outย โขย 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: โข Cars: $78B โข Regulatory Credit: $1.8B โข Lending Cars for rent: $2B โข Energy Generation and Storage: $6B โข 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?
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