Industry dynamics

Tesla gets 22.5% of its revenue from China in 2023

Publishtime:1970-01-01 08:00:00 Views:10

In the fourth quarter, Tesla's revenue from China was a record $6.1 billion, or 24.25 percent of its total revenue.

Tesla delivered 484,507 units worldwide in the fourth quarter, up 19.55 percent from the year-ago quarter and up 11.37 percent from the third quarter, according to data it released earlier this month.

In China, Tesla sold 75,805 vehicles in December, up 80.81 percent year-on-year and up 15.73 percent from November.

In the fourth quarter, Tesla sold 169,935 vehicles in China, accounting for 35 percent of the 484,507 vehicles it delivered globally, data compiled by CnEVPost showed. That's up 39.73 percent year-on-year and up 21.71 percent from the third quarter.

For the full year 2023, Tesla sold 603,664 vehicles in China, up 37.27 percent year-on-year.

China is Tesla's second-largest single market in the world, after the United States.

Tesla's revenue in the US was $45.2 billion in 2023, contributing 46.7 percent of total revenue.

Other international markets, including Europe, contribute $29.8 billion in revenue to Tesla in 2023, or 30.8 percent.

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