Tesla (NASDAQ: TSLA) stock has seen remarkable growth, soaring from $1.13 at its IPO in 2010 to $204.99 on Oct. 14, 2022, turning a $1,000 investment into $181,407. In Q2 2022, Tesla reported total revenue of $16.9 billion, with the automotive segment accounting for 86% of revenue.

Tesla’s revenue breakdown in Q2 2022 shows that the automotive segment brought in $14.60 billion (86% of total revenue), energy generation and storage contributed $866 million (5%), and services and other accounted for $1.47 billion (9%). Tesla’s auto segment also generated 96.4% of its total gross profit in Q2.

In Q3, Tesla produced 365,923 vehicles and delivered 343,830, marking significant increases from the previous year. The energy generation and storage business sells solar products, while the services and other segment includes non-warranty after-sales services.

Tesla’s core electric car business has substantial growth potential, with the company continuing to expand its offerings. The launch of the Semi Truck is on the horizon, with production beginning and initial deliveries scheduled for December 1. Investors await Tesla’s Q3 earnings report on Oct. 19.

While Tesla’s energy and services segments contribute less to profit, the focus remains on the auto business for investors. With the company’s growth potential and upcoming developments, Tesla still has a long runway for further expansion and success in the electric vehicle market.

Read more at Nasdaq: How Does Tesla Make Money?