How Many Teslas Have Been Sold? 25+ Tesla Car Sales Statistics & Facts

It’s hard to have a conversation about modern technology and electric vehicles without mentioning Tesla. After all, this is the company that made electric vehicles cooler and more accessible while driving digital innovation in the automobile industry.

But how many Teslas have been sold in recent years, and how much of the market has the company’s eccentric CEO, Elon Musk, managed to conquer? The following article takes a closer look at this American electric vehicle and clean energy giant. 

Key Tesla Stats & Facts for 2024 - Editor’s Choice

• Tesla delivered more than 1.2 million Model 3/Y units in 2022.  

• Tesla’s EV market share was 21.7% in the first half of 2023.

• Tesla has produced more than 4.78 million vehicles since 2009.

• The Silicon Valley automaker can now manufacture 160,000 vehicles in a month.

• Tesla’s market cap in October 2023 was around $824 billion.

• Elon Musk makes around $45 million each day.

Tesla’s Market Share 

While Tesla is certainly a household name, it’s not the only electric car manufacturer that’s launching innovative vehicles. Still, the latest car sale statistics reveal that Tesla’s market share has been increasing in recent years, with car sales in Q2 2023 soaring 83% compared to the year before, and the overall market share growing to 21.7%.

Tesla held 21.7% of the world’s electric vehicles market share in the first half of 2023.

(Statista) 

Tesla is currently the biggest EV car producer, with the overal percentage of market share growing by almost 5% compared to Q4 2022.

In Q2 2023, Tesla sold over 466 thousand electric vehicles across the globe.

(InsideEVs)

The final Tesla sales figures for the second quarter of 2023 show that deliveries were up 83% year-over-year. What's more, 64% of Tesla’s global sales came from Tesla Model Y. 

Tesla’s EV market share in the United States is 59% in 2023. 

(Barrons)

The second quarter of 2023 saw Tesla's market share drop by 3% compared to Q1 of the same year, but it still hasn't lost ground to its biggest competitors, who also saw their market share percentages dip by around the same total percentage. 

Best-Selling Tesla Models

In 2008, Tesla launched the Roadster, its first battery-powered car. Today, the company produces a range of vehicles, and some of its most popular models include Model S, Model 3, Model X, Model Y and soon the infamous Cybertruck.

Tesla has produced more than 4.78 million vehicles since 2009.

(Backlinko)

Tesla’s annual production rates have been growing steadily over the years. In 2014, the company produced only 35,000 vehicles, while the total number of vehicles manufactured in just the first six months of 2023 stood at more than 1.3 million.   

Tesla can manufacture more than 160,000 vehicles in just 30 days.

(Backlinko)

Six years ago, the company needed 181 days to produce 50,000 cars. Today, it has the capabilities to produce over 2 million cars each year, with numbers continuing to grow as new factories are built. 

Tesla’s best-selling EVs internationally in 2022 were Model 3 and Model Y, with more than 1,2 million deliveries. 

(Tesla)

The 2022 Tesla international sales of its most popular Model 3/Y climbed to 1.2 million. When combined with the sales of Model S/X, the total number goes up to 1.31 million.

During the third quarter of 2023, Tesla made 419,074 deliveries of its Model 3/Y. 

(Tesla)

The company produced 419,074 units of Model 3/Y during the last three months of the year. Meanwhile, the production rate of Model S/X was significantly lower, with only 15,985 units produced and just under 13,688 deliveries.    

Tesla delivered more than 252,000 Model Y units in the United States in 2022.

(InsideEVs)

This made Model Y the sixth-best selling car in the US last year, and easily the most sold electric vehicle in the country.

Tesla held 13.2% of Chinese EV market share in September 2023.  

(Backlinko)

Tesla China sales figures reveal that the company sold 64,694 cars in August 2023 alone, and delivers of its' China made Model Y reached 65,316 during the same month.

Tesla Model Y is set to become the most-sold car in Europe in 2023.

(Backlinko)

By the end of Q3 2023, Tesla's Modely Y had sold 169,420 units in Europe, making it the best-selling car on the continent. If this trajectory continues, Tesla will make history as it is set to become a leader in car sales in a market historically dominated by European manufacturers.

Tesla Customer Demographics

Have you ever wondered who’s actually buying Tesla vehicles these days? A recent study by Hedges & Company offers some valuable insights into your typical Tesla owner. Here’s what they found:

Tesla Model X owners have an average household income of $146,623 per year.

(CleanTechnica)

Compared to the median age of 38 for the US population, the median age of a Model X owner is 52 years old.

Tesla Model 3 owners have an average household income of $133,879 per year.

(Hedges & Company)

This number represents an increase of 4% compared to 2021. Similarly, the median age of a Model 3 owner is now 51 years old, up from 46.

The Tesla Model X has a higher percentage of female owners.

(CleanTechnica)

• Women own 29% of Model X vehicles, and men own 71%.
• Women own 23% of Model S vehicles, and men own 77%.
• Women own 16% of Model 3 vehicles, and men own 84%

This makes Model X the most popular Tesla vehicle among female drivers. Model S trails behind slightly, and Model 3 is the least popular among women.

Interestingly, the exact opposite seems to be true for male drivers. Model 3 is the most popular, followed by Model S and Model X.

88% of Tesla Model S and X owners are also homeowners.

(CleanTechnica)

The majority of Tesla Model S and X owners also have their own homes. This is a clear indication that most people who can afford one of these vehicles are financially stable.

56% of current Tesla Model 3 owners are homeowners.

(CleanTechnica)

Many Tesla Model 3 owners don’t seem to have the same level of financial security as some of their counterparts. In fact, the percentage of Americans who own their own home ranges between 64% and 67%, which means that Tesla Model 3 owners are less likely to own a home than the general population.    

The Man Behind Tesla: Elon Musk

So what about the eccentric CEO behind the electric vehicle giant?

Before Tesla, Musk co-founded the online bank X.com. The bank eventually merged with Confinity Inc. in 2000, evolving into what we know as PayPal today. That company was eventually bought by eBay in 2002 for $1.5 billion.

This was the same year that Musk would go on to launch SpaceX, an aerospace manufacturer and space transport services company. It wasn’t until 2004 that he joined Tesla Motors, now known as Tesla, Inc. He became CEO in 2008.

Elon Musk’s total net worth is around $252 billion.

(Time) 

Musk controls a healthy portion of Tesla’s stock, and he has assets in SpaceX and other companies. His total net worth is estimated to be around $252 billion. Here’s a look at how much some of his billionaire counterparts are worth:

• Jeff Bezos - $154 billion
• Larry Ellison - $140 billion
• Bill Gates - $110 billion
• Mark Zuckerberg - $116 billion
• Warren Buffett - $116 billion

Elon Musk made an average of $383 million per day between April 2020 and April 2021. 

(Insider)

These astronomical figures may be difficult for some people to digest, but the truth is that Musk’s current wealth is far greater than the GDP of many countries around the world.

During the 12-month period between April 2020 and April 2021, Musk was making an average of $16 million per hour or $4,433 per second. Now, at the end of 2023, he is projected to earn about $44 million each hour.    

Tesla Net Worth, Stocks, and More

Tesla is certainly one of the most valuable companies in the world today, but how costly is it to invest in the company?

Tesla’s market capitalization is around $824 billion in Q3 2023. 

(Fortune)

The market value of Tesla has almost tripled compared to January 2023, but is still behind its record-level capitalization of $1.2 trillion from 2021.

Tesla was trading at just $17.00 per share when the company launched its first initial public offering in 2010.

(Yahoo! Finance)

When the company launched its first IPO on June 29, 2010, it issued 13.3 million shares at a price of just $17.00.

Tesla stock is worth over $260. 

(Yahoo! Finance)

At the time of writing, the Tesla stock price was hovering around $260. Between March 2021 and January 2022, the Tesla stock price went from around $560 to more than $1,000, after which the company split its stock for the second time since its inception, in a 3-for-1 split ratio.

In 2022, Tesla generated $81.46 billion in annual revenue.

(Backlinko)

This marked an incredible 51.35%% increase from Tesla’s earnings in the previous year. At the end of 2021, Tesla had generated ardound $53.82 billion in revenue.

Over the past seven years, Tesla’s revenue has grown at a CAGR of almost 50%.

(Backlinko)

Tesla has experienced amazing growth over the past decade. Here are their annual revenue numbers from the previous years.

• 2008 - $15 million
• 2009 - $112 million
• 2010 - $117 million
• 2011 - $204 million
• 2012 - $413 million
• 2013 - $2.01 billion
• 2014 - $3.2 billion
• 2015 - $4.05 billion
• 2016 - $7 billion
• 2017 - $11.76 billion
• 2018 - $21.46 billion
• 2019 - $24.58 billion
• 2020 - $31.54 billion
• 2021 - $53.82 billion
• 2022 - $81.46 billion

The three biggest mutual funds invested in Tesla are AGTHX, VTSAX, and VFIAX.

(CNN Business)

The top three mutual funds that have the most Tesla shares are:

• Vanguard Total Stock Market Index Fund - 83.91 million shares 
• Vanguard Total Stock Market Index Trust - 83.28 million shares
• Vanguard 500 Index Fund Investor Shares - 64.52 million shares

Tesla acquired several companies to boost its manufacturing capacity.

(Investopedia)

While Tesla primarily designs and manufactures electric vehicles, the company has acquired a number of other businesses to help boost its manufacturing capacity and operational speed. These key acquisitions have greatly helped Tesla’s growth over the past few years.

• SolarCity Corp, a solar energy business that was acquired for $2.1 billion on November 21, 2016
• Maxwell Technologies Inc, an energy storage and power delivery business that was acquired for $207 million on May 16, 2019
• Grohmann Engineering GmbH, an automated manufacturing systems company that was acquired for $135.3 million on January 3, 2017
• Perbix Machine Co. Inc, an automated manufacturing equipment company that was acquired for an estimated $10.5 million on November 7, 2017
• Hibar Systems Ltd., a manufacturer of automated liquid dispensing and filing systems that was acquired for an undisclosed amount in 2019

Conclusion

These stats confirm Tesla’s status as the leading brand in the electric vehicle industry. The company’s contributions to advancing the technology in this field are undeniable, and its products have taken the world by storm.

Perhaps unsurprisingly, Tesla holds a significant portion of the electric vehicle market share not just in the United States but all over the world. Meanwhile, the company’s outspoken CEO is the world’s richest man, known for revolutionizing electric cars, artificial intelligence, and even space tourism.