Tesla Begins Showing Compelling Revenue Outside Its EV Business

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Tesla Begins Showing Compelling Revenue Outside Its EV Business via insideevs.com

, nor have we been paid by EVANNEX to publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!has had an eventful few years, and from a financial standpoint, it’s hard to refute what the electric vehicle manufacturer has accomplished. With EVs at the helm, Tesla has also established a few key revenue streams that may provide an indication of where the company is headed.

“Analysts and investors have rightly focused on Tesla's core business thus far. But there's something else stock buyers should want to follow,” writesHoward Smith. “[The] company's energy and services segments are growing much more quickly than vehicle sales and are becoming meaningful contributors to revenue.”

, used car sales and other ongoing services-related charges. This particular category marked 7.5 percent of Tesla’s full-year revenue in 2022, and it achieved record gross profits.network to other EVs, currently available in select U.S. locations and in many areas of Europe. Tesla has over 43,000 Supercharger stalls worldwide and is constantly deploying new charging stations.

 

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