Tesla's Book Value per Share Soars to $20.81 in Q2 2024

The electric vehicle maker's book value per share has grown at a blistering pace over the past decade, reflecting its rapid expansion.

Apr. 12, 2026 at 3:57pm

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An extreme close-up of heavy, industrial banking equipment and machinery in muted tones, conceptually representing the financial security and infrastructure behind Tesla's surging book value per share.Tesla's growing financial strength and asset base are reflected in the company's soaring book value per share, a testament to its rapid expansion in the electric vehicle market.Santa Clara Today

Tesla's book value per share for the quarter that ended in June 2024 was $20.81, up from just $2.44 a decade earlier. The company's average book value per share growth rate has been an astounding 50.9% per year over the past 10 years, as it has rapidly expanded production and sales of its electric vehicles.

Why it matters

Tesla's surging book value per share highlights the company's tremendous growth and the increasing value of its assets, which include its manufacturing facilities, vehicle inventory, and intellectual property. This growth has helped fuel the company's soaring stock price and market capitalization, making it one of the most valuable automakers in the world.

The details

Tesla's book value per share has grown rapidly in recent years due to the company's aggressive expansion. Over the past 12 months, Tesla's average book value per share growth rate was 29.2%. During the past 3 years, the average growth rate was 36.6%, and over the past 5 years it was 63.4%. The company's highest 3-year average book value per share growth rate during the past 13 years was an astounding 96% per year.

  • Tesla's book value per share for the quarter that ended in June 2024 was $20.81.
  • During the past 10 years, Tesla's average Book Value Per Share Growth Rate was 50.9% per year.

The players

Tesla Inc.

An American electric vehicle and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles, solar panels, energy storage products, and related products.

Elon Musk

The CEO, product architect, and a major shareholder of Tesla.

Zachary Kirkhorn

The Chief Financial Officer of Tesla.

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The takeaway

Tesla's rapid expansion and growing asset base have driven its book value per share to new heights, underscoring the company's transformation into one of the world's most valuable automakers. This growth reflects Tesla's success in transitioning the global transportation system to electric vehicles.