Tesla sales increased from $0.4 billion 10 years ago to $81 billion currently, noted Charlie Bilello, chief market strategist at CPI Wealth. In comparison, General Motors Corp. revenues rose from $152 billion to $157 billion, and Ford Motor sales $134 billion, to $158 billion, Bilello mentioned. Those figures imply that while Tesla revenue surged by 20,150% over the last 10 years, GM and Ford revenue experienced 3.3% and 17.9% growth rates, respectively.
Tesla’s net profit changed from a negative -$0.4 billion to +$13 billion. In comparison, GM’s net income rose from $6.2 billion to $10 billion over 10 years, while Ford’s turned from a profit of $5.6 billion to a loss of -$2 billion.
Tesla CEO Elon Musk said about the comparison, “How times have changed.”