Tesla Inc
Tesla Inc Research & Development
  • Tesla Inc annual research & development was $3.97 Billion in fiscal year 2023. The annual research & development Increased $894.00 Million from $3.08 Billion (in 2022) to $3.97 Billion (in 2023).
    This Increased represents a research & development growth of +29.07% Billion year over year.


  • Tesla Inc quarterly research & development was $1.09 Billion in the quarter ending in Dec 2023.
    The quarterly research & development Increased $284.00 Million from $810.00 Million (in Dec 2022) to $1.09 Billion (in Dec 2023).
    This Increased represents a research & development growth of +35.06% year over year.


  • In the last 5 years from 2019 to 2023 :
    • Highest research & development of Tesla Inc was $3.97 Billion in fiscal year 2023.
    • Lowest research & development of Tesla Inc was $1.34 Billion in fiscal year 2019.
    • Average research & development of Tesla Inc was $2.49 Billion.


  • Explore additional financial metrics for Tesla Inc.
  • Check out competitors to Tesla Inc.


  • Definition of Research & Development :
    The direct cost incurred by a business towards research and development of an improved or a new product, service, process, or technology is known as the Research and Development Cost. For more details on research & development, examples and formulas, refer to our glossary.
Tesla Inc: Research & Development
Tesla Inc : Research & Development Details
2023

Tesla Inc annual research & development was $3.97 Billion in fiscal year 2023.
Tesla Inc quarterly research & development was $771.00 Million (Mar) , $943.00 Million (Jun) , $1.16 Billion (Sep) , and $1.09 Billion (Dec) in fiscal year 2023.

2022

Tesla Inc annual research & development was $3.08 Billion in fiscal year 2022.
Tesla Inc quarterly research & development was $865.00 Million (Mar) , $865.00 Million (Mar) , $667.00 Million (Jun) , and $667.00 Million (Jun) in fiscal year 2022.

2021

Tesla Inc annual research & development was $2.59 Billion in fiscal year 2021.
Tesla Inc quarterly research & development was $666.00 Million (Mar) , $666.00 Million (Mar) , $576.00 Million (Jun) , and $576.00 Million (Jun) in fiscal year 2021.

2020

Tesla Inc annual research & development was $1.49 Billion in fiscal year 2020.
Tesla Inc quarterly research & development was $324.00 Million (Mar) , $324.00 Million (Mar) , $279.00 Million (Jun) , and $279.00 Million (Jun) in fiscal year 2020.

Tesla Inc : Research & Development (year over year growth)
Tesla Inc : Research & Development (Year Over Year Growth) Details
2023

Tesla Inc annual research & development Increased +29.07% during fiscal year 2023 compared to 2022.
This represents an Increased in research & development of +$894.00 Million from $3.97 Billion (in 2023) to $3.08 Billion (in 2022).

2022

Tesla Inc annual research & development Increased +18.59% during fiscal year 2022 compared to 2021.
This represents an Increased in research & development of +$482.00 Million from $3.08 Billion (in 2022) to $2.59 Billion (in 2021).

2021

Tesla Inc annual research & development Increased +73.91% during fiscal year 2021 compared to 2020.
This represents an Increased in research & development of +$1.10 Billion from $2.59 Billion (in 2021) to $1.49 Billion (in 2020).

2020

Tesla Inc annual research & development Increased +11.02% during fiscal year 2020 compared to 2019.
This represents an Increased in research & development of +$148.00 Million from $1.49 Billion (in 2020) to $1.34 Billion (in 2019).

Tesla Inc: Research & Development - Annual (Tabular)
Period research & development Y/Y Growth
2023 $3.97 Billion 29.07 %
2022 $3.08 Billion 18.59 %
2021 $2.59 Billion 73.91 %
2020 $1.49 Billion 11.02 %
Tesla Inc : Research & Development - Quarterly (Tabular)
Period research & development Y/Y Growth
Dec 23 $1.09 Billion 35.06%
Sep 23 $1.16 Billion 58.39%
Jun 23 $943.00 Million 28.65%
Mar 23 $771.00 Million 15.59%
Dec 22 $810.00 Million 21.44%
Sep 22 $733.00 Million -15.26%
Sep 22 $733.00 Million -15.26%
Jun 22 $667.00 Million -9.86%
Jun 22 $667.00 Million -9.86%
Mar 22 $865.00 Million 41.57%
Mar 22 $865.00 Million 41.57%
Dec 21 $740.00 Million 28.47%
Dec 21 $740.00 Million 28.47%
Sep 21 $611.00 Million -8.26%
Sep 21 $611.00 Million -8.26%
Jun 21 $576.00 Million 10.34%
Jun 21 $576.00 Million 10.34%
Mar 21 $666.00 Million 81.97%
Mar 21 $666.00 Million 81.97%
Dec 20 $522.00 Million 87.10%
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