Tesla reports 75% jump in profit at Irish business

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Revenue jumped 60% on back of 53% rise in car sales last year but figures have plateaued in 2023

The latest figures from the Society of the Irish Motor Industry show that 1,318 Tesla registrations were recorded here in 2022. This represents a 53 per cent increase for the brand on 2021. Sales so far this year are fractionally ahead of the same period in 2022 but the company’s market share has dipped slightly.

Globally in the three months to the end of March this year, Tesla delivered 422,875 cars – a 36 per cent increase from the previous year. Currently, Tesla globally has a market capitalisation of $586.3 billion having seen its shares jump by 76 per cent since the start of the year to $185. However, that is still 54 per cent down on the $342 at which the group was trading this time last year.

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