Tesla profits by year. Tesla posted a stronger than expected set of q1 2020 results despite the coronavirus pandemic with revenues growing by 32 year over year and adjusted profits coming in at 227 million versus. It hasnt received a lot of attention with all the twitter wars and comments from ceo elon musk about covid 19 but tesla has become incredibly profitable. Tesla annual net income for 2017 was 1962b a 1907 increase from 2016.
Fiscal year is january december. All values usd millions. Tesla annual net income for 2018 was 0976b a 5025 decline from 2017.
Musk has said that tesla could develop an entry level car at a 25000 price point by 2022. Tesla posted its first annual profit easily topping wall streets forecasts in the final three months of 2019. Total revenue for 2018 was 214 billion another record for the company though tesla still posted a 1 billion loss across the year.
Tesla net income for the twelve months ending june 30 2020 was 376m a 15638 decline year over year. Tesla remains short of ceo elon musks ultimate goal of. 2015 2016 2017 2018 2019 5 year trend.
Tesla turned a profit of 104 million in the second quarter of 2020 despite shutting down its electric vehicle factory in fremont california for roughly seven weeks because of the covid 19 pandemic. Tesla annual net income for 2019 was 0862b a 1168 decline from 2018. Current and historical gross margin operating margin and net profit margin for tesla tsla over the last 10 years.