Elon Musk’s EV and battery manufacturer leaps up the ranking as it becomes one of the world’s most valuable companies. Why such potential? Furious expansion of its global manufacturing capacity should allow Tesla to begin producing greater volumes of cars, thus improving cash flow and justifying its eye-watering valuation, and perhaps even dragging the auto industry into a fossil fuel–less future. (See our profile of Musk in this issue.)
Courtesy of Tesla
Company Information
As of 3/29/23
Country
U.S.
Headquarters
Austin
Industry
Motor Vehicles & Parts
CEO
Elon Musk
Website
Company Type
Public
Ticker
TSLA
Revenues ($M)
$81,462
Profits ($M)
$12,556
Market Value ($M)
$575,867
Employees
127,855
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
Future 50As of 12/3/20
Overall Score
22
Sector
Consumer Discretionary
Historical Data
| Year | Revenues ($M) | Profits ($M) |
|---|---|---|
| 2019 | $24,941 | $-659 |
| 2018 | $13,684 | $-2,722 |
| 2017 | $10,069 | $-766 |
Lists ranking Tesla
Latest news for Tesla
- Brainstorm Tech 2022: Inside A Chip Designer’s High-Stakes Reboot;18:49Conferences, Brainstorm Tech;
- Will Elon Musk follow through on buying Twitter?;2:18Series, Tech Debate;
- Electric vehicles are in high demand, despite rising prices;1:23News, Radar;
- Elon Musk is Twitter’s newest board member;1:11News, Radar;
