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Tesla Up 35 Spots On Fortune 500 List: 2021 Earnings

The Fortune 500 lists the companies that have generated the most revenue for an entire year. On this exclusive list Tesla scaled up 35 positions in 2021, and clearly aspires to continue rising in 2022.


2021 was a very good year for Tesla, as it came closer to its intended goal of delivering 1 million 'zero emission' vehicles during that period. This meant a total income of just over 50 billion dollars, so the company scaled up significantly on the lists of the richest firms on the planet. One of them was the well-known Fortune 500, in which Tesla climbed 35 positions all in all, thus placing itself at number 65 of the companies that earned the most money during that year.

Tesla is one of the few companies that has been steadily increasing its position on an annual basis. In 2021 (with respect to what was generated as compared to 2020) the brand was ranked at number 100, a place that changed a few weeks ago when the results obtained during the past year were publicly released: it basically increased its income by 70 .7% as compared to what was stipulated in the previous period.

Tesla entered this ranking for the first time in 2016, and ever since then it has been climbing positions. At the beginning its position stood at number 384; in 2017 it climbed to 260; in 2018 went to number 144, then it climbed to 122 and it finally reached number 100 last year, in 2021. Now the firm holds number 65 with a view to continuing to increase its potential for the coming years. Other American automobile companies are also on this list, such as Ford, which ranks 22nd, and General Motors, at the 25th position.

Tesla Cybertruck, courtesy of Tesla Inc.

In 2021, Tesla achieved a gross revenue of $53.8 billion, thanks in part to the new model it added to its gamut at an international level, the Tesla Model Y; and also to a very significant expansion into the European and Chinese markets. During that year the brand delivered a total of 936,000 electric cars, which represented an increase of 87% on its previous figures, and which basically placed Tesla at the top of the global automotive industry for electric cars. Its market share percentage in 2021 was 14%.

The net profits obtained in 2021 (more than 5,5 billion dollars) pointed to an increase of 665.5% as compared to what was achieved in 2020. These figures and percentages could again be left far behind if in 2022 the company actually meets the objectives set by before; so far everything indicates that it will be so. During the first quarter of this year Tesla already registered and delivered more than 300,000 electric cars to its customers, so even before the end of the year it could easily cross the million vehicle milestone. This in turn will mean a new jump on the list of Fortune 500 for the next year.

Tesla Semi, courtesy of Tesla Inc.

Let us remember that this number of registrations and deliveries was calculated after the Shanghai Gigafactory was actually closed down, due to an outbreak of COVID-19 (to which we referred in an article before); so the figures for the second quarter 2022 could be (most likely will be...) even higher than those generated during the first quarter of this year. Apparently – according to many different sources - during 2022 Tesla will focus on securing its current model gamut with stable production figures, while the arrival of new models - such as the long-awaited Tesla Cybertruck and Tesla Semi electric truck - is already expected for next year, 2023.


All images courtesy of Tesla Inc.

Nico Caballero is the VP of Finance of Cogency Power, specializing in solar energy. He also holds a Diploma in Electric Cars from Delft University of Technology in the Netherlands, and enjoys doing research about Tesla and EV batteries. He can be reached at @NicoTorqueNews on Twitter. Nico covers Tesla and electric vehicle latest happenings at Torque News.