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 Statistics & Facts for 2024 - Editor’s Choice

• Tesla delivered more than 1.3 million Model 3/Y units in the first three quarters of 2024.
• Tesla’s US electric vehicle market share is 48% in 2024.
• Tesla currently holds 17% of the world's EV market share.
• Tesla has produced its 7-millionth car on October 2024.
• Tesla’s market cap in December 2024 was around $1.31 trillion.

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 is still the largest, holding 17% of the total EV market space in 2024.

Tesla held 17% of the world’s electric vehicles market share by Q3 2024.

(Statista) 

Tesla is currently the biggest EV car producer, but is closely followed by China's BYD, which holds 16% of the electric vehicle market share.

In Q3 2024, Tesla delivered 462,890 electric vehicles across the globe.

(InsideEVs)

The final Tesla sales figures for the third quarter of 2024 show that deliveries were up 6.40% year-over-year.

Tesla’s EV market share in the United States is 48% in 2024. 

(Barrons)

The third quarter of 2024 saw Tesla's market share drop by almost 3% compared to Q1 of the same year. 

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 the new Cybertruck. Most recently, Tesla also announced its Cybercab.

Tesla has produced more than 7 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 nine months of 2024 stood at more than 1.31 million.   

Tesla now manufactures more than 145,000 vehicles in just 30 days.

(Backlinko)

In 2019, the company needed 50 days to produce 50,000 cars. Today, it has the capabilities to produce almost 2 million cars each year, with numbers continuing to grow as new factories are built. 

Tesla’s best-selling EVs internationally in 2024 were Model 3 and Model Y, with more than 1.1 million deliveries. 

(Tesla)

By Q3 2024, Tesla has held its second place in international EV sales, lagging behind BYD which sold 2,208,798 electric cars in that timeframe.

During the third quarter of 2024, Tesla made 462,890 deliveries of its Model 3/Y. 

(Tesla)

The company produced 469,796 units of Model 3/Y in the same period. Meanwhile, the production rate of their other models remains much lower, with 26,128 cars produced and 22,915 delivered in Q3 2024.

Tesla sold 255,434 Model Y units in the United States in the first half of 2024.

(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 9.70% of Chinese EV market share in November 2024.  

( CnEVPost)

Sales figures from china reveal that the company sold 73,490 cars in November 2024 alone, up 12.19% from the year before.

Tesla Model Y was the most-sold car in Europe in 2023.

(Backlinko)

By the end of 2023, Tesla sold more than 250,000 of its Model Y cars in Europe, making it the best-selling car on the continent.

Tesla Customer Demographics

Here are some important numbers regarding the demographic data:

Tesla Model X owners have an average household income of $161,898 per year.

(Hedges & Company)

Compared to the median age of 38.5 for the US population, the median age of a Model X owner in 2024 is 50 years old.

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

(Hedges & Company)

The median age of a Model 3 owner is now 49 years old, up from 46.

The Tesla Models S and Y have a higher percentage of female owners.

(CleanTechnica)

• Women own 26% of Model X vehicles, and men own 74%.
• Women own 27% of Model S vehicles, and men own 73%.
• Women own 16% of Model 3 vehicles, and men own 84%
• Women own 27% of Model Y vehicles, and men own 73%.

97% of Tesla owners are also homeowners.

(CleanTechnica)

This is a clear indication that most people who can afford one of these vehicles are financially stable.   

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 more than $429 billion in December 2024.

(Forbes) 

Musk was the first person in history to pass the $400 billion mark, as his net worth almost doubled in the month following the 2024 presidential election.

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 2024, he is projected to earn about $2.3 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 $1.3 trillion in Q3 2024. 

(Fortune)

This marks the highest market cap in the company's history.

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 $420 in 2024. 

(Yahoo! Finance)

At the time of writing, the Tesla stock price was hovering around $420. 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 2024, Tesla generated $99 billion in annual revenue.

(Backlinko)

For comparison, just a few years before, at the end of 2021, Tesla had generated ardound $53.82 billion in revenue.

Over the past three years, Tesla’s revenue has grown at a CAGR of 27.49%.

(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
• 2023 - $96.77 billion
• 2024 - $99 billion

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

(CNN Business)

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

• Vanguard Total Stock Market Index Fund - 86.08 million shares 
• Vanguard 500 Index Fund - 72.67 million shares
• Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF - 36.36 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
• Dacia Romania, a car manufacturer from Romania, which was acquired for an undisclosed sum in 2022
• Wiferion, a German developer of wireless EV charging stations, acquired on July 31, 2023 for an undisclosed sum.

Conclusion

These statistics 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, robotics and space exploration.