This document presents Tesla's projected revenue figures from 2014 to 2027 for its automotive, energy generation and storage, and services business segments under different growth scenarios. It shows increasing annual revenues for Tesla's Model S, X and 3 vehicles as well as projected revenues from other future vehicles. Energy generation and storage revenues are forecast to grow at declining rates from 5-10% annually from 2018-2027. Services revenue is also projected to increase at 10-20% yearly through 2022 then slow to 5-10% growth. Total Tesla revenues are expected to rise from $21 billion in 2018 to over $176 billion by 2027.

1. Revenue Selected case 2
2014 2015 2016 2017Q3 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
In Million Actual Actual Actual Actual Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
Revenues (Model S & Model X ) 3007.0 3741.0 6350.8 6939.1 11773.1 14982.4 17856.1 20559.5 22841.6 25377.0 28193.8 30753.8 33546.3 35914.6
Revenues (Model 3 8626.0 15682.1 22174.4 27771.3 34780.7 42154.3 51091.0 59858.2 70129.8 77914.2
Revenues (Other vehicles) 0.0 2297.8 6033.9 10969.6 19942.8 28199.1 37025.4 44874.7 52575.3 58411.1
Automotive revenues 3007.0 3741.0 6350.8 6939.1 20399.1 32962.2 46064.4 59300.4 77565.1 95730.3 116310.2 135486.7 156251.4 172240.0
Energy generation and storage 4.2 14.5 181.4 818.2 348.3 557.2 780.1 936.2 1029.8 1132.8 1189.4 1248.9 1311.3 1376.9
Services and others 187.1 290.6 468.0 713.2 739.4 961.2 1249.6 1499.5 1799.4 1979.3 2177.3 2395.0 2514.7 2640.5
Total Revenues 3198.4 4046.0 7000.1 8470.5 21486.8 34480.7 48094.1 61736.0 80394.2 98842.4 119676.8 139130.6 160077.4 176257.4
Solar city historical revenue
In Million 2014 2015 2016
Revenue 255 399.6 730.3
Revenue reg as tesla 181.394
Total revenue solar city 255 399.6 911.694
Selected Case
Energy generation and storage yoy% 57% 128% 92% 60% 40% 20% 10% 10% 5% 5% 5% 5%
Services and others yoy% 55% 61% 58% 30% 30% 20% 20% 10% 10% 10% 5% 5%
Best Case
Energy generation and storage yoy% 94% 61% 41% 20% 10% 10% 5% 5% 5% 5%
Services and others yoy% 59% 31% 31% 20% 20% 10% 10% 10% 5% 5%
Base Case
Energy generation and storage yoy% 92% 60% 40% 20% 10% 10% 5% 5% 5% 5%
Services and others yoy% 58% 30% 30% 20% 20% 10% 10% 10% 5% 5%
Worse Case
Energy generation and storage yoy% 91% 59% 39% 20% 10% 10% 5% 5% 5% 5%
Services and others yoy% 57% 29% 29% 20% 20% 10% 10% 10% 5% 5%