Founded in 2003 and headquartered in California, Tesla ranked as the most valuable automotive brand worldwide in 2021 and within the leading fifteen most valuable brands actor all industries worldwide. With a growth rate over 157 percent in 2021, Tesla was the fastest growing brand worldwide. A year earlier, the brand also ranked as the leading electric vehicle brand. Most of its models are electric passenger cars, in particular sedans and crossover vehicles, but plans to release Tesla’s first electric light-duty truck in 2022 are underway. Globally, Tesla's vehicle deliveries reached a record 627,350 units in the first three quarters of 2021, up by over 16 percent when compared to sales for the full-year 2020. Concurrently, Tesla's Model 3 has become the world's best-selling plug-in electric vehicle model. In June 2021, the Model 3 became the first electric car to pass one million global sales.
What are Tesla's best-selling models?
At close to 26.2 billion U.S. dollars, Tesla’s automotive sales made up most of its 2020 revenue. In the third quarter of 2021, deliveries of Model 3 and Model Y vehicles accounted for close to 96 percent of Tesla's vehicle deliveries by model, duping the Model S and Model X products, which were originally aimed at customers in the high-end sphere of the market. With the release of the Model 3 and Model Y, Tesla is now targeting broader customer segments. Tesla is expected to add the second-generation Roadster and the widely anticipated Cybertruck to its currently existing model lineup. While the United States continues to be Tesla's most important target market, the company aims to tap into the Chinese and European markets, as well.
What is Tesla's market valuation?
Since going public in July 2010, Tesla has been on top of the trend towards alternative powertrains in the passenger vehicle industry. Its research and development expenses reflect the brand's commitment to innovation, fluctuating between 1.3 and 1.5 billion U.S. dollars each year between 2017 and 2020. 2020 was the brand’s most successful full financial year to-date, Tesla’s revenue climbing to over 31.5 billion U.S. dollars that year. The company's market valuation set new records in 2020, reaching 442 billion U.S. dollars in September 2020. By March 2021, the brand’s market capitalization had climbed further, up to 641 billion U.S. dollars, over sixfold its March 2020 market cap, before breaking records in October of that same year by soaring to one trillion U.S. dollars. Between October 26, 2020 and October 25, 2021, Tesla's share price rose by over 264 percent. Its brand value has further climbed. In 2021, Tesla recorded the steepest brand value growth worldwide, with an increase of around 184 percent.
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In the following 5 chapters, you will quickly find the 29 most important statistics relating to "Tesla".