How Much Is The Net Worth Of Tesla 2021?


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Wondering about the net worth of Tesla? Check out here to find out Tesla’s net worth, market capitalisation value, and a lot more. Read further to know more about it. 

Formerly known as Tesla Motors IncTesla Inc, (TSLA) the electric car making company headquartered in Palo Alto, California was founded in 2003. 

Globally renowned for its innovative lineup of products, Tesla is ably steered through an amazing growth graph by its CEO Elon Musk, a rare kind of entrepreneur.

How much is the net worth of Tesla?

 Tesla is an electric car manufacturer with a net worth of $1 trillion. The CEO of Tesla is Elon Musk and its GAAP net income is about $1.62 billion. 

Tesla is ranked No.100 on the Fortune 500 list, going up from No.124 noted last year. Tesla’s profits spiked sharply in 2020 and the firm’s stock skyrocketed in 2021.

Tesla’s principal offerings are electric vehicles and stationary energy storage products like home solar batteries, all of which it designs, develops and manufactures. Tesla Car Model 3 is the best selling electric vehicle of all time. 

Most notably, Hertz has recently ordered for a supply of 1 lakh cars of this model which has helped Tesla net worth shoot up sharply putting the firm among the trillion dollar companies. 

How rich is Tesla, how Tesla managed to grow its net worth and how does its net worth compare with other leading firms is a topic of immense interest. 

How Much Is The Net Worth of Tesla: Quick Summary

CompanyTesla
Net Worth$1 trillion
Market Cap$1.059 Trillion
Revenue$31.5 billion
No. of Retail Stores598 
No. of Employees70,757

Net Worth of Tesla

Tesla’s net worth in terms of its market value has crossed of $ 1 trillion in 2021 answering the question “How much is Tesla really worth?” This sharp upward spike in its net worth is the result of the firm’s shares gaining 44% in this year. 

On October 25, 2021, Tesla’s investors drove the stock to $1,024.86 per share. Industry experts opine that this is the first all-time high reached by a company in just over two trading days. This increase also ballooned the CEO Elon Musk net worth to cross $252 billion as per Forbes. 

tesla net worth

In 2021, Tesla joined the trillion dollar companies including Apple, Microsoft, Amazon, Alphabet, and Facebook. In October 2021, Tesla announced its third quarterly results characterized by a record jump of 57% revenue increase over year. This means the firm could earn a new high of $13.76 billion during the quarter. 

GAAP net income of Tesla stood at $1.62 billion which is up from the earlier $331 million the firm posted in Q3 of 2020. Therefore, the third quarter of 2021 showed a remarkable increase in Tesla’s income, gross profits, and number of vehicles made and delivered. 

Related: How Much Is The Net Worth Of Mark Zuckerberg?

Tesla’s Recent Earning Stats

Tesla’s financial results for the third quarter of 2021 far exceeded the expectations of analysts. The firm made $1.62 billion during this quarter which was up from the $331 million it generated in the same quarter in 2020. 

The figure $1.62 billion is inclusive of the $12.06 billion revenue proceeds from the sale in the automotive segment while $806 million ensued from its clean energy production and storage solutions business segment.

Tesla had to incur $51 million towards its spend on impairment expense due to Bitcoin investment. This marked a sharp turn from the first quarter when Tesla could make more from its Bitcoin investment and regulatory credits than it earned from car sales. 

The company’s profits for the year ended on December 31, 2020 was $690 million. The car maker also manufactured 241,000 vehicles during the period ending on September 30, 2021.

Tesla’s Market Capitalization Growth from 2010 to 2021 (In $ Billion) 

YearTesla’s Market Cap
March 2010001.61
March 2011002.29
March 2012003.64
March 2013004.41
March 2014030.40
March 2015024.42
March 2016027.53
March 2017042.40
March 2018055.34
March 2019049.16
March 2020128.74
March 2021574.63
elon musk net worth

Tesla’s 2021 Net Worth Compared With Automotive Giants In The Us (Values in $B)

FirmNet worth in 2021
Tesla (TSLA)1037.82
General Motors (GM)92.048
Ford Motor (F)77.927
Polaris (PII)7.540
IAA (IAA)7.199
Harley Davidson (HOG)5.906

Related: How Much Is Net Worth Of Dangote?

What Made Tesla’s Stock Prices Soar In 2021

In October 2021, Tesla passed through a momentous milestone in its growth when Hertz, a US based car rental company ordered for 1 lakh Tesla vehicles. This order drove the electric car maker’s shares towards a 13% spike on October 25, 2021.

The deal also meant that Tesla will enter the club of trillion dollar companies including Apple, Amazon, Alphabet and Microsoft Corp. Celebrating this achievement, Musk tweeted a message to his 61.4 million followers which read as, “Wild $T1mes”. 

The New York Times says Tesla is in fact far different from the other trillion dollar counterparts. Among many other factors, Tesla confronts a high yield but high risk situation also known as junk bond rating. The report also mentioned, “Tesla’s nearly $10 billion in long-term debt was recently raised to BB+, one level below investment grade.”

The New York Times Report also observes, “Tesla’s sales and earnings are far lower than others”. Tesla’s sales forecast for 2022 is around $6 billion, which is just one fifth of the forecast Amazon makes. This argument weighs heavily on the debate over the actual value of Tesla.

In addition to this, in one another concerning the move, Tesla and Musk together settled a 2018 fraud lawsuit filed by the US Securities and Exchange Commission.

The lawsuit alleged that one of Musk’s tweets had earlier misled the investors by suggesting a potential buyout of the firm. Despite these outlooks, Tesla’s stock price has climbed by about 45% in this year as the investors are seen taking an active interest in electric cars. 

Tesla Founders

Tesla’s history lists five founders for the firm including Elon Musk, JB Straubel, Marc Tarpenning, Ian Wright and Martin Eberhard. Originally, the company was founded by Eberhard and Tarpenning. After Eberhard was expelled, a court judgment named the remaining three as the co-founders along with the founder Elon Musk.

Top Shareholders in Tesla

The leading shareholders in Tesla are the world’s leading mutual fund companies and asset management firms. 6.06% of the firm’s stocks are held by individual shareholders while institutional shareholders own Tesla’s 41.47% shares. 

Tesla’s Leading institutional shareholders
ShareholderPercentage shares
The Vanguard Group5.62%
Capital Research & Management3.77%
BlackRock Fund Advisors3.32%
SSgA Funds Management Inc.3.01%
Baillie Gifford & Co.1.40%
Geode Capital Management LLC1.24%
Jennison Associates LLC1.04%
Fidelity Management & Research0.85%
Northern Trust Investments Inc.0.83%
Norges Bank Investment Management0.79%

What Tesla’s Future Looks Like

Like any other automotive manufacturing company, Tesla is also working very hard to solve the supply chain management issues. The acute shortage for semiconductors during the pandemic situation adversely impacted the firm’s manufacturing activities.

Nevertheless, Tesla could successfully steer its prospects in 2021 evident in its Q3 performance in terms of net profits, gross profits and operating profits. 

how much is tesla really worth

In one of the earnings reports published by the firm, Tesla has mentioned that it has extended its full self-driving and auto-pilot programs and has also increased the volume of the in-house cell battery packs for testing. 

Compared to last year, Tesla’s energy storage manufacture and deployment increased by 71% while the solar deployments saw a rise of 46%. Before the end of 2021, Tesla is expected to make its first batch of Model Y vehicles from Austin and Berlin. 

How Much Is Tesla’s CEO – Elon Musk’s Net Worth

Elon Musk’s net worth saw a sharp surge adding $36 billion to its value on October 25, 2021 following the Hertz order for 1 lakh Tesla vehicles. This is said to be the largest gain in a day on the Bloomberg Billionaires Index. 

Following this surge, Elon Musk’s net worth in 2021 stands at a whopping $289 billion. This makes him $100 billion richer than Amazon Founder Jeff Bezos, who stood in the number 1 place on Bloomberg Index before Elon Musk overtook him.

tesla car

Elon Musk’s net worth in 2021 has crossed over the market cap of Toyota, the second largest automotive maker in the world. Toyota’s market cap is now valued at $283 billion. According to Bloomberg, Elon Musk makes one third of his net worth from Tesla.

In 2021 alone, Tesla’s founder has added a massive $119 billion to his wealth. Recently, Mask has also gained $10.6 billion from the rocket company SpaceX he founded in 2002.

SpaceX signed up an agreement with all the investors to sell the insiders’ stocks up to $755 million at a share price of $560 which helped increase the company’s valuation to $100.3 billion. This share sale saw SpaceX’s valuation cross $100 billion. 

Elon Musk’s recent gains from his companies put him in his own independent orbit. He has overtaken quite a few ultra-billionaires. Elon Musk’s $ 289 billion net worth puts him $100 billion ahead of the former richest billionaire of the world Jeff Bezos, the founder of Amazon.

Musk is now $150 billion ahead of Bill Gates who is in fourth position. He is also leading Warren Buffet by $184 billion. Notably, Warren Buffet is in the 10th position today.

Some important observations about Elon Musk’s wealth show that he does not draw any salary from Tesla. The company filings say that a part of his stake in Tesla has been pledged as collateral for personal loans.

Elon Musk is said to have very few liquid assets. Last year, Elon Musk made an announcement that he would be selling all his physical possessions and his real estate assets.

Also Read:

  1. How much is Apple Net Worth?
  2. How Much Is IBM Net Worth?

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Rachel Phillip
Rachel Philip is the main author of this website. She’s crazy about finance and investment and takes inspiration from the top millionaires in the world. Check out  www.theirnetworth.com for keeping the updates of top celebrities’ net worths.