Tesla revenue goes beyond electric-vehicle sales. Here's how the automaker generates income

• Tesla brought in $96.7 billion in revenue in 2023, putting it in 40th place on the Fortune 500.
• The vast majority of its revenues come from sales of its EVs, like the Model Y.
• But 8.5% of its revenues stemmed from selling regulatory credits and energy products.

Tesla, the EV manufacturer led by tech mogul Elon Musk, has seen its revenues boom over the past decade as its battery-powered cars have defined the growing electric vehicle segment.