Tesla Research and Development Expenses 2010-2024 | TSLA
Tesla annual/quarterly research and development expenses history and growth rate from 2010 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
- Tesla research and development expenses for the quarter ending March 31, 2024 were $1.151B, a 49.29% increase year-over-year.
- Tesla research and development expenses for the twelve months ending March 31, 2024 were $4.349B, a 45.89% increase year-over-year.
- Tesla annual research and development expenses for 2023 were $3.969B, a 29.07% increase from 2022.
- Tesla annual research and development expenses for 2022 were $3.075B, a 18.59% increase from 2021.
- Tesla annual research and development expenses for 2021 were $2.593B, a 73.91% increase from 2020.
Tesla Annual Research and Development Expenses
(Millions of US $) |
| 2023 |
$3,969 |
| 2022 |
$3,075 |
| 2021 |
$2,593 |
| 2020 |
$1,491 |
| 2019 |
$1,343 |
| 2018 |
$1,460 |
| 2017 |
$1,378 |
| 2016 |
$834 |
| 2015 |
$718 |
| 2014 |
$465 |
| 2013 |
$232 |
| 2012 |
$274 |
| 2011 |
$209 |
| 2010 |
$93 |
| 2009 |
$19 |
Tesla Quarterly Research and Development Expenses
(Millions of US $) |
| 2024-03-31 |
$1,151 |
| 2023-12-31 |
$1,094 |
| 2023-09-30 |
$1,161 |
| 2023-06-30 |
$943 |
| 2023-03-31 |
$771 |
| 2022-12-31 |
$810 |
| 2022-09-30 |
$733 |
| 2022-06-30 |
$667 |
| 2022-03-31 |
$865 |
| 2021-12-31 |
$740 |
| 2021-09-30 |
$611 |
| 2021-06-30 |
$576 |
| 2021-03-31 |
$666 |
| 2020-12-31 |
$522 |
| 2020-09-30 |
$366 |
| 2020-06-30 |
$279 |
| 2020-03-31 |
$324 |
| 2019-12-31 |
$345 |
| 2019-09-30 |
$334 |
| 2019-06-30 |
$324 |
| 2019-03-31 |
$340 |
| 2018-12-31 |
$356 |
| 2018-09-30 |
$351 |
| 2018-06-30 |
$386 |
| 2018-03-31 |
$367 |
| 2017-12-31 |
$355 |
| 2017-09-30 |
$332 |
| 2017-06-30 |
$370 |
| 2017-03-31 |
$322 |
| 2016-12-31 |
$246 |
| 2016-09-30 |
$214 |
| 2016-06-30 |
$192 |
| 2016-03-31 |
$182 |
| 2015-12-31 |
$190 |
| 2015-09-30 |
$179 |
| 2015-06-30 |
$182 |
| 2015-03-31 |
$167 |
| 2014-12-31 |
$140 |
| 2014-09-30 |
$136 |
| 2014-06-30 |
$108 |
| 2014-03-31 |
$82 |
| 2013-12-31 |
$68 |
| 2013-09-30 |
$56 |
| 2013-06-30 |
$52 |
| 2013-03-31 |
$55 |
| 2012-12-31 |
$69 |
| 2012-09-30 |
$62 |
| 2012-06-30 |
$75 |
| 2012-03-31 |
$68 |
| 2011-12-31 |
$61 |
| 2011-09-30 |
$54 |
| 2011-06-30 |
$53 |
| 2011-03-31 |
$41 |
| 2010-12-31 |
$38 |
| 2010-09-30 |
$27 |
| 2010-06-30 |
$15 |
| 2010-03-31 |
$13 |
| 2009-12-31 |
|
| 2009-09-30 |
$1 |
| 2009-06-30 |
$2 |
| Sector |
Industry |
Market Cap |
Revenue |
| Auto/Tires/Trucks |
Auto Manufacturers - Domestic |
$516.350B |
$96.773B |
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Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. The company's flagship Model 3 is the best-selling EV model in the United States. Tesla, which has managed to garner the reputation of a gold standard over the years, is now a far bigger entity that what it started off since its IPO in 2010, with its market cap crossing $1 trillion for the first time in October 2021.? The EV king's market capitalization is more than the combined value of legacy automakers including Toyota, Volkswagen, Daimler, General Motors and Ford.Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses. The firm's three-pronged business model approach of direct sales, servicing, and charging its EVs sets it apart from other carmakers. Tesla, which is touted as the clean energy revolutionary automaker, is much more than just a car manufacturer.
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