Markets

Charted: Tesla’s Global Sales By Model and Year (2016–2023)

Published

4 months ago

December 30, 2023

Marcus Lu

See this visualization first on the Voronoi app.

Charted: Tesla’s Global Sales By Model and Year (2016–2023)

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In the last five years, Tesla stock has exploded upwards more than 800%.

From a company that was perpetually on the verge of bankruptcy, Tesla has emerged as the EV manufacturer to beat in the automotive market.

A huge part of the success comes from Tesla’s sales which jumped 30x in the same time period.

We take a look at the numbers, as well as the sales share between the different Tesla models from 2016-2023 using data from CleanTechnica, an archive for news and data around clean technology.

Tesla’s Global Sales Sales Through the Years

From 2018 onwards, Tesla’s global sales began to skyrocket. Though quarter-on-quarter growth wasn’t always positive, dips were followed by more breakout numbers.

Here’s the model breakdown of Tesla’s global sales, from Q2 2016 to Q3 2023.

Date	Tesla Model S	Tesla Model X	Tesla Model 3	Tesla Model Y
Q2 2016	9,764	4,638	N/A	N/A
Q3 2016	16,047	8,774	N/A	N/A
Q4 2016	12,700	9,500	N/A	N/A
Q1 2017	13,481	11,570	N/A	N/A
Q2 2017	12,010	10,010	N/A	N/A
Q3 2017	14,065	11,865	220	N/A
Q4 2017	15,200	13,120	1,550	N/A
Q1 2018	11,730	10,070	8,180	N/A
Q2 2018	10,930	11,370	18,440	N/A
Q3 2018	14,470	13,190	55,840	N/A
Q4 2018	13,500	14,050	63,150	N/A
Q1 2019	6,000	6,100	50,900	N/A
Q2 2019	8,422	9,300	77,634	N/A
Q3 2019	8,383	9,100	79,703	N/A
Q4 2019	8,375	11,100	92,620	N/A
Q1 2020	4,525	7,705	73,975	2,291
Q2 2020	3,927	6,687	63,793	16,484
Q3 2020	4,583	10,693	94,049	30,269
Q4 2020	6,060	12,860	126,624	35,123
Q1 2021	1,010	1,010	115,077	67,780
Q2 2021	890	1,000	110,054	89,360
Q3 2021	9,000	275	111,225	120,800
Q4 2021	4,050	7,700	140,000	156,850
Q1 2022	7,362	7,362	129,764	165,560
Q2 2022	8,081	8,081	100,066	138,467
Q3 2022	7,469	11,203	120,308	204,850
Q4 2022	6,344	10,803	135,846	252,285
Q1 2023	3,695	7,000	132,180	280,000
Q2 2023	6,225	13,000	146,915	300,000
Q3 2023	5,985	10,000	117,074	302,000
Total	254,283	269,136	2,165,187	2,162,119

Note: Beginning in 2020, Tesla’s reporting began to combine Model 3 & Y sales together. Model-specific data from this point is based on CleanTechnica’s estimates.

Aside from this steep rise, another key factor to note is how Tesla’s lineup has changed. The company began ramping production with the Model S and X, two luxury models that helped the brand build a prestigious image.

However since 2020 , the company has successfully transitioned to cheaper high volume models like the Model 3 and Y.

In fact, 2020 was also the first year Tesla turned a profit thanks in part to the Model Y.

The Model 3 and Y were also the world’s best-selling EVs in 2023.

Tesla’s presumed rival, Amazon and Ford-backed Rivian, is planning a similar approach. Its first models include the relatively expensive, full-size R1T and R1S. However the company has hinted at a 2024 reveal for its cheaper R2 model, with production starting in 2026.

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Markets

The European Stock Market: Attractive Valuations Offer Opportunities

On average, the European stock market has valuations that are nearly 50% lower than U.S. valuations. But how can you access the market?

Graphics & Design

Alejandra Dander

An infographic showing that compared to North American and Asian stocks, the European stock market has lower or comparable valuations and low-to-moderate correlation.

European Stock Market: Attractive Valuations Offer Opportunities

Europe is known for some established brands, from L’Oréal to Louis Vuitton. However, the European stock market offers additional opportunities that may be lesser known.

The above infographic, sponsored by STOXX, outlines why investors may want to consider European stocks.

Attractive Valuations

Compared to most North American and Asian markets, European stocks offer lower or comparable valuations.

Index	Price-to-Earnings Ratio	Price-to-Book Ratio
EURO STOXX 50	14.9	2.2
STOXX Europe 600	14.4	2
U.S.	25.9	4.7
Canada	16.1	1.8
Japan	15.4	1.6
Asia Pacific ex. China	17.1	1.8

Data as of February 29, 2024. See graphic for full index names. Ratios based on trailing 12 month financials. The price to earnings ratio excludes companies with negative earnings.

On average, European valuations are nearly 50% lower than U.S. valuations, potentially offering an affordable entry point for investors.

Research also shows that lower price ratios have historically led to higher long-term returns.

Market Movements Not Closely Connected

Over the last decade, the European stock market had low-to-moderate correlation with North American and Asian equities.

The below chart shows correlations from February 2014 to February 2024. A value closer to zero indicates low correlation, while a value of one would indicate that two regions are moving in perfect unison.

	EURO STOXX 50	STOXX EUROPE 600	U.S.	Canada	Japan	Asia Pacific ex. China
EURO STOXX 50	1.00	0.97	0.55	0.67	0.24	0.43
STOXX EUROPE 600		1.00	0.56	0.71	0.28	0.48
U.S.			1.00	0.73	0.12	0.25
Canada				1.00	0.22	0.40
Japan					1.00	0.88
Asia Pacific ex. China						1.00

Data is based on daily USD returns.

European equities had relatively independent market movements from North American and Asian markets. One contributing factor could be the differing sector weights in each market. For instance, technology makes up a quarter of the U.S. market, but health care and industrials dominate the broader European market.

Ultimately, European equities can enhance portfolio diversification and have the potential to mitigate risk for investors.

Tracking the Market

For investors interested in European equities, STOXX offers a variety of flagship indices:

Index	Description	Market Cap
STOXX Europe 600	Pan-regional, broad market	€10.5T
STOXX Developed Europe	Pan-regional, broad-market	€9.9T
STOXX Europe 600 ESG-X	Pan-regional, broad market, sustainability focus	€9.7T
STOXX Europe 50	Pan-regional, blue-chip	€5.1T
EURO STOXX 50	Eurozone, blue-chip	€3.5T

Data is as of February 29, 2024. Market cap is free float, which represents the shares that are readily available for public trading on stock exchanges.

The EURO STOXX 50 tracks the Eurozone’s biggest and most traded companies. It also underlies one of the world’s largest ranges of ETFs and mutual funds. As of November 2023, there were €27.3 billion in ETFs and €23.5B in mutual fund assets under management tracking the index.

“For the past 25 years, the EURO STOXX 50 has served as an accurate, reliable and tradable representation of the Eurozone equity market.”
— Axel Lomholt, General Manager at STOXX

Partnering with STOXX to Track the European Stock Market

Are you interested in European equities? STOXX can be a valuable partner:

Comprehensive, liquid and investable ecosystem
European heritage, global reach
Highly sophisticated customization capabilities
Open architecture approach to using data
Close partnerships with clients
Part of ISS STOXX and Deutsche Börse Group

With a full suite of indices, STOXX can help you benchmark against the European stock market.

Learn how STOXX’s European indices offer liquid and effective market access.

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