Tesla Revenue by Segment (2020)

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This statistic highlights Tesla Revenue by segment data from the first quarter of 2016 (Q1 2016) to the last quarter of 2019
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By Vaishali Ladha

Tesla Inc., formerly known as Tesla Motors Inc., is a U.S. based automotive and energy company specializing in electric car manufacturing. It competes with Ford Motor Company, General Motors, Honda Motor Company, Toyota Motor Corp. and others. The company generates revenue through operations in different reportable segments: automotive leasing, automotive sales, energy generation and storage and services and other. As of Q3 2019, the revenues from the different reportable segments came in at. And let’s look into Tesla Revenue by Segment data here.

Tesla Revenue by segment

Segment

Revenue (in millions USD)

Revenue Contribution

Automotive Leasing2212.29%
Automotive Sales513253.26%
Energy generation and storage4024.17%
Services and others5485.69%
Total630365.42%

Automotive leasing revenue includes the amortization of revenue for Model S, Model X and Model 3 vehicles under direct lease agreements as well as those sold with resale value guarantees accounted for as operating leases under lease accounting. The company began offering leasing for Model 3 vehicles in the second quarter of 2019.  Revenue from this segment remained relatively consistent with a mere 2% increase in the three months ended September 30, 2019 as compared to the same period in 2018. This increase is primarily due to an increase in the number of vehicles under the two programs.

Automotive sales revenue includes revenues related to the sale of new Model S, Model X and Model 3 vehicles, including access to our Supercharger network, internet connectivity, Autopilot and FSD features and over-the-air software updates, as well as sales of regulatory credits to other automotive manufacturers. Revenue from this segment decreased by 13% in the three months ended September 30, 2019 compared to the same period in 2018, primarily due to a decrease of 10,255 Model S and Model X cash deliveries, partially offset by an increase of 17,140 Model 3 cash deliveries from production scaling.

Energy generation and storage revenue includes sales of solar energy systems and energy storage products, leasing revenue from solar energy systems under operating leases and PPAs and the sale of solar energy systems incentives. Revenue from this segment increased by 1% in the three months ended September 30, 2019 compared to the same period in 2018. This increase is primarily due to increases in deployments of Powerpack and Powerwall, partially offset by decreases in deployments of cash and loan solar projects.

Services and other revenue increased by 68% in the three months ended September 30, 2019 compared to the same period in 2018. This was primarily due to an increase in used vehicle sales from increased volume of trade-in vehicles. Additionally, there was an increase in non-warranty maintenance revenue due to growth in the company’s fleet.

Company Overview

Tesla Inc., headquartered in Palo Alto, California, is a publicly traded company listed on the NASDAQ by the ticker symbol ‘TSLA’. The company’s subsidiaries are: SolarCity, Automation, Maxwell Technologies and Tesla Grohmann.

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