Here Is How Much Money Tesla Makes Every Minute

By Trey Thoelcke Updated Apr 9, 12:30PM EDT · Published Apr 1, 8:45AM EDT

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Here Is How Much Money Tesla Makes Every Minute — © Justin Sullivan / Getty Images News via Getty Images

Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction) is best known for its innovations in the automotive industry, including the sleek modern design of its electric vehicles, improved performance of batteries, and semi-autonomous driving technology. Investors often consider it more as a technology stock than one of an automaker, as demonstrated by its inclusion in the so-called Magnificent Seven. Those are the stocks that have been driving the market for the past year.

The company is also well known for its high-profile chief executive, Elon Musk. He is also CEO of private space company SpaceX and the owner of the social media platform formerly known as Twitter. All that has made Musk one of the richest persons in the world. His stake in Tesla is around 20%.

The focus here is how much money Tesla makes every minute. Let’s take a look.

How Does Tesla Make Its Money?

Tesla revenue totaled almost $97 billion last year.

This automotive and clean energy company was founded in 2003 and went public in the summer of 2010. It designs, manufactures, and sells electric vehicles, as well as stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services. (Here are five reasons to avoid Tesla’s Cybertruck no matter what.)

Out of Tesla’s $96.8 billion in revenue last year, more than $78 billion came from its automotive business, while about $6 billion came from its energy generation and storage segment. Its three biggest markets are the United States, China, and Europe, though vehicle sales in China have fallen recently.

Here is a look at annual revenue and revenue per minute for the past five years:

Fiscal Year	Annual Revenue	Revenue per Minute
2023	$96.77 billion	$184,113.39
2022	$81.46 billion	$154,984.78
2021	$53.82 billion	$102,397.26
2020	$31.54 billion	$60,007.61
2019	$24.58 billion	$46,765.60

How Much Does Tesla Really Make?

Tesla earned over $28,500 a minute last year.

Revenue is not the full picture, of course. Net income, also called profits or earnings, is what is left after expenses such as cost of goods sold, taxes, and interest are subtracted. In other words, it is the bottom line (of the income statement), as opposed to revenue, the top line.

As Tesla’s top line has mostly grown in recent years, so too have its operating expenses. At the end of 2019, quarterly operating expenses totaled about $2.11 billion. That came in at $8.49 billion most recently, though that was less than in the fourth quarters of the previous two years. So how has that affected the bottom line?

Here is a look at annual net income and net income per minute for the past five years:

Fiscal Year	Annual Net Income	Net Income per Minute
2023	$14.99 billion	$28,519.79
2022	$12.55 billion	$23,877.47
2021	$5.52 billion	$10,502.28
2020	$721.00 million	$1,371.70
2019	−$862.00 million	−$1,640.03

How Has Tesla Stock Fared?

Tesla shares are up more than 1,300% in 10 years.

The stock is up around 1,313% in the past decade (split adjusted), easily outperforming the broader markets. However, it is down 56.6% from an all-time high near $410 per share in 2022. Shares are also more than 28% lower than at the beginning of this year.

The consensus price target is only marginally higher than the current share price. That is, for now analysts on average do not expect the stock to have much of a turnaround in the coming 12 months. Only four out of 23 analysts who follow the stock recommend buying shares now.

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.