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 $557.950B $96.773B
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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