Tesla — Net Worth and Career Earnings
Tesla generated $97 billion in revenue in fiscal year 2024, verified through SEC filings, delivering 1.79 million vehicles — a slight decline from 2023 deliveries as the company navigated increased competition from Chinese EV manufacturers, particularly BYD, and price pressure that compressed automotive margins to 18.2%. Net income was $7.1 billion, significantly below 2023 levels, reflecting both revenue pressure and increased operating expenses.
The energy generation and storage segment grew dramatically, generating approximately $10 billion in revenue — driven by the Megapack utility-scale battery system and Powerwall home storage products. This segment is now Tesla's fastest-growing and carries margins above the automotive business. Tesla's software and services revenue, including Full Self-Driving subscriptions and connectivity fees, represents a growing high-margin income stream that differentiates Tesla from traditional automotive companies.
Tesla was co-founded in 2003 by Martin Eberhard and Marc Tarpenning, with Elon Musk joining as chairman in 2004 and later becoming CEO. Musk's strategic vision — transitioning humanity to sustainable energy through electric vehicles, solar power and battery storage — has created the most valuable automotive company in history by market capitalisation despite producing a fraction of the vehicles of Toyota, Volkswagen or GM. The planned Cybercab robotaxi launch in 2026 and Optimus humanoid robot represent Tesla's next major revenue opportunities, though timelines for both have repeatedly shifted.