After the bumpy start with the initial Tesla Roadster (debuting in 2008), Tesla managed to become the world’s largest electric vehicle (EV) manufacturer — as per the latest Tesla statistics — and reached previously unimagined heights. Yet, how did Elon Musk, Tesla Motors’ CEO, and his team of experts manage to turn a “barely-running science experiment” into a multi-billion dollar company?
In the article below, we’ll share the latest insight concerning this world-renowned EV manufacturer, including data on various car models (Model X, S, etc.), such as price, battery life, market share, and more.
Like what you hear? Then fasten your seatbelt and enjoy the ride!
Top 10 Fascinating Tesla Statistics You Need to Know
- In August 2020, Tesla’s market capitalization reached $270 billion.
- Tesla is the global leader in EV car sales with a market share of 18%.
- Tesla surpassed the one-millionth produced vehicle mark on March 10, 2020.
- The company totaled 48,016 employees in 2019.
- 60% was the total EV sales market share of Tesla Model 3 in 2018.
- Model 3 is the least expensive Tesla model with a base price of just $36,200 and a $1,200 destination fee.
- The Model X SUV is the most expensive Tesla model with a base price of $81,190.
- The company’s revenue skyrocketed to approximately $24.6 billion in 2019.
- Charging a Tesla to 100% takes about 6–12 hours based on the model and charger in question.
- Tesla’s target market is the upper-middle class ($80,000+ household income).
General Tesla Stats and Facts
1. When was Tesla founded? In 2003, the early years of the new millennia.
(Tesla)
Namely, in 2003, a team of engineers set out to prove that electric cars could, in fact, be better than gasoline cars — hence, Tesla was born.
What’s more, today, the company goes beyond electric cars and manufactures storage and clean energy generation products.
2. In August 2020, Tesla’s market capitalization reached $270 billion.
(CarAndDriver) (Statista)
$278 billion by the end of the month, to be exact, making Tesla the most profitable carmaker in the world.
Thanks to this, Elon Musk — the man who owns Tesla — became a centibillionaire with a net worth of over $100 billion; not bad for a company that was once a part of the 30 million startups in the US.
3. The “T” on the nose of the car represents an EV motor cross-section.
(Business Insider)
After a Twitter follower inquiry on the meaning behind Tesla’s logo, Elon Musk explained that the Tesla logo stands for one of the poles of the motor’s rotor, which is similar to the letter “T.” Likewise, the line on top of the “T” represents a stator section.
4. Tesla is the global leader in EV car sales with a market share of 18%.
(HTAuto)
For comparison, the largest automaker in the world — Volkswagen — has an EV market share of merely 6%, which is just a third of the overall Tesla market share.
5. Tesla’s first model, the Roadster, was a complete disaster.
(Road and Track)
The first-ever Tesla model targeted eco-conscious American consumers interested in high-end cars. However, as Jeremy Clarkson, the host of the British Top Gear TV show, said: “it is a barely running science experiment.”
In fact, it took Tesla well over a year before it started turning a profit from every Roadster sold.
6. The Model S can run for approximately 400 miles with a single charge.
(Barron’s) (Engadget)
Do Teslas take gas? Not at all. EVs don’t require any fossil fuel to run. Instead, these cars rely on lithium-ion batteries (like the ones found in our smartphones and laptops) to work; the only difference being that these batteries pack quite a punch!
7. Tesla surpassed the one-millionth produced vehicle mark on March 10, 2020.
(InsideEVs)
The 1,000,000th manufactured car of the famous automaker was a Model Y. Moreover, it was estimated that the brand also surpassed its millionth car sale the following month.
8. The company totaled 48,016 employees in 2019.
(Statista)
Just how many employees does Tesla have? Around 50,000, according to the latest figures.
In addition, the company had to open three new lithium-ion and electric car factories — Gigafactory 1 (Reno, Nevada, 2016), Gigafactory 2 (Buffalo, New York, 2017), and Gigafactory 3 (Shanghai, China) — to keep up with growing demands and boost the manufacturing process.
9. The new Tesla Roadster will be one of the fastest-accelerating cars, reaching 60 miles per hour in a record-breaking 1.9 seconds.
(Tesla)
Not only that, but the latest Tesla facts also show that the new Roadster will have an incredible 620-mile range, and will be able to reach top speeds of over 250 miles per hour.
10. In Q3 2020, Tesla registered only one accident for every 4.59 million miles driven with the Autopilot engaged.
(Tesla)
Moreover, there was one recorded accident for every 2.42 million miles driven with the active safety features engaged (without using the Autopilot).
Hence, according to these stats, Tesla vehicles are among the safest on the planet. In fact, Tesla crash figures are even more impressive when coupled with NHTSA’s latest data — on average, a car crash occurs every 479,000 miles driven in the US alone.
11. Model 3 has the lowest injury probability (5.7%) of any NHTSA-tested vehicle with a safety score of 0.38.
(Tesla)
Likewise, the Model S and the Model X take second and third place (with 6.3% and 6.5%, respectively) when it comes to vehicle safety, as per the NHTSA.
Tesla Sales Statistics — Revenue & Company Worth
12. 60% was the total EV sales market share of Tesla Model 3 in 2018.
(Statista)
A whopping 140,000 models were sold on the domestic market that year, to be exact.
13. Tesla made almost 80% of the entire US EV market in 2019.
(Statista) (Statista)
On the other hand, the brand had merely a 1.3% market share when it comes to overall domestic car sales (including gasoline cars).
14. The 2020 Tesla Roadster price will start at $200,000.
(CarBuzz)
In addition, there will also be a Founders Series model — with a base price of $250,000 — that you can reserve for another $50,000.
15. The global EV market will reach a mind-blowing $567 billion by 2026.
(Statista)
In other words, the market is expected to have a CAGR of 15.6% during that period.
What’s more, Tesla shares make 18% of all global sales, making this electric-car manufacturing brand an important player on the global market.
16. Model 3 is the least expensive Tesla model with a base price of just $36,200 and a $1,200 destination fee.
(Motor Trend)
What is the cheapest Tesla, you may be asking? Well, the Model 3 Standard Range, of course!
However, the Standard Range Plus model comes with some extra goodies (most notably, a larger battery range), with a price tag of $39,190.
Moreover, the price of the Long Range model is slightly higher (starting at $48,190), whereas the fast-accelerating Performance model (322-mile range) costs $56,190.
17. The “luxury” Model S will set you back $76,190.
(Motor Trend)
How much does a Tesla cost depends mostly on the car variant.
For instance, the above-mentioned price tag is purely for the base version, whereas the Performance variant will cost you $93,190. Still, for that price you get additional benefits — such as an ultralight carbon-fiber spoiler and 0–60mph acceleration under 2.4 seconds. Lending companies may help you realize your dream.
18. The Model X SUV is the most expensive Tesla model with a base price of $81,190.
(Motor Trend)
So, how much is a Tesla when you want the crème de la crème? Well, the standard Long Range Plus features a 351-mile range for “just” $81,190.
However, if you opt for the Performance model, note that the max range will drop to around 305 miles and the price will shoot up to $101,190.
The performance package also features numerous interior upgrades, and for an added $6,500, you can get a six-seat configuration, too.
19. The company’s revenue skyrocketed to approximately $24.6 billion in 2019.
(Statista)
In the US alone, the overall Tesla revenue was around $12.65 billion. The second-largest revenue-generating region for the brand was China, with a little under 3 billion dollars made in revenue.
20. $900.00 is the current Tesla stock price (on January 25).
(Investor’s Business Daily)
Likewise, this is the highest it has ever been on the US stock market (thus far).
Nevertheless, expert Tesla stock predictions and market forecasts estimate a rough patch for the electric car manufacturer in years to come; judging how competitors like BMW, Daimler, Volkswagen, Ford, Tata, and Xpeng Motors will up their game, giving Tesla a run for its money.
21. Tesla has almost 6 times more market valuation than Toyota (the second-largest car manufacturer).
(MarketWatch) (MarketWatch)
Tesla international sales have risen in both 2019 and 2020, greatly contributing to the title of the world’s leading car manufacturer.
For the sake of comparison, the electric-car brand currently has a market valuation nearing $900 billion, whereas Toyota is trailing behind with “just” under $150 billion.
Tesla Tech Stats & Other Figures
22. Charging a Tesla to 100% takes about 6–12 hours based on the model and charger in question.
(Enel X)
How long does it take to charge a Tesla? It depends.
For instance, the 2011 Roadster requires 2.5 hours with the JuiceBox Pro 80, whereas the Long Range 2019 Model S takes around 11 hours.
23. Fully charging a Tesla Model S costs $4.40 per 100 miles (or 4.4 cents per mile).
(Solar Reviews)
Exactly how much does it cost to charge a Tesla? Well, based on electricity expenses — 13 cents per kWh (as of April 2020) — and 85% charging efficiency, the 100kWh battery of both the Model X and S models can be fully charged for around $15.29.
24. A Tesla battery comes with an 8-year warranty.
(Car Cash Buyer)
Nevertheless, it can last for longer and the degradation won’t happen at once. According to the latest Tesla statistics, the average Tesla car battery can reach about 500,000 miles before giving out.
As such, Tesla’s lithium-ion batteries should be replaced somewhere in the 300,000- and 500,000-mile benchmark; for a new Model 3 battery, it takes between $3,000 to $7,000.
25. The average Model X owner has a $143,177 annual household income.
(CleanTechnica)
Most recent Tesla demographics also highlight that the median age of a Tesla Model X owner is 52, whereas the median age of a Model S owner is 54. Lastly, the Model 3 has the youngest median age of the three — sitting at 46 years of age.
26. Model X has the highest percentage of female owners with 29%.
(CleanTechnica)
Conversely, men own 71% of said model and other Tesla customer demographics indicate similar trends. More precisely, 77% of men own Model S, whereas 23% of women do the same.
For Model 3, the gap is even wider, with men owning 84% and women merely 16%.
27. Tesla’s target market is the upper-middle class ($80,000+ household income).
(Tesla)
The Tesla target market of 2019 comprised customers in the 30–60 age range. Specifically, eco-conscious users that want affordable luxury with excellent safety value.
28. Model 3 dominated European EV sales in 2019.
(CleanTechnica)
With 95,247 models sold from January to December, Tesla dominated the EV market on the Old Continent.
When looking at Tesla sales by country in 2019, Model 3 performed incredibly well in the Netherlands (29,922 sales), followed by Hyundai Kona EV (5,526).
29. The TeslaFi app offers insight into battery degradation, charging, driving efficiency, and more.
(Car And Driver)
Developed by a third party, the TeslaFi app provides detailed insight; much to the delight of Tesla enthusiasts around the world. Namely, the dedicated Tesla statistics app — which boasts features like real-time location, cabin temperature, and speed — is nowhere near as detailed as this third-party app.
FAQs
What percentage of the market does Tesla have?
(HTAuto) (Statista) (Statista)
In terms of global EV sales, as of 2020 October, Tesla has a solid 18% market share; a huge lead over other automotive giants, such as Volkswagen, Toyota, Nissan, Hyundai, and Volvo.
When it comes to overall US car sales, the electric car company had a market share of 1.3%. Likewise, Tesla had an 80% EV market share in 2019.
How many Tesla’s are on the road?
(Statista) (Statista)
Giving an exact number is incredibly difficult. However, when looking at data from 2019, global Tesla deliveries reached between 367,000 and 368,000 cars per annum.
In 2020, the famous automaker managed to deliver approximately 320,000 cars from January to September alone.
How many Tesla’s have been sold in total?
(InsideEVs)
According to several sources, the brand made its millionth car on March 10, 2020, and it is estimated that overall sales climbed over the one-million mark the following month.
More precisely, global sales, at the end of the first quarter of 2020, exceeded 990,000.
In addition, the 1,000,000th car was a Model Y. Meaning, Elon Musk’s company is the first EV manufacturer to reach the millionth sales mark. Nissan — the Japanese giant — reached only half a million.
How many cars did Tesla sell in 2019?
(Statista)
As previously mentioned, the world-renowned electric car brand sold between 367,000 and 368,000 vehicles that year.
Conclusion
Tesla’s up-shooting trajectory is nothing short of a miracle considering that the company itself is only 17 years old (at the time of writing this article). Becoming an industry leader in the world of automobiles, in any given segment is a huge achievement and Tesla pulled this off and left its competition in the dust (and some of them have over a century of industry experience).
Truly, these Tesla statistics speak for themselves and show a promising future for this car manufacturer, which will most likely play a key role in the transformation of the automotive industry and the transition from fossil fuels to clean energy.
Sources:
