Tesla doesn't break out revenue by model in its official filings, but a back-of-the-envelope estimate from Tesla analyst Sawyer Merritt puts the scale of each vehicle line in sharp relief. At current sales volumes, Model Y is effectively a $50 billion-a-year business on its own — more than most Fortune 500 companies generate in total revenue.
Merritt's estimates put Model 3 at $20 billion annually and Cybertruck at $2.5 billion — a gap that underscores just how early-stage the truck's commercial ramp still is relative to Tesla's sedan lineup. Tesla reports a single consolidated automotive revenue figure, so these are derived estimates based on sales volume and average selling prices, not figures pulled from an earnings release.
The Cybertruck number is the one worth watching. At $2.5 billion against a backdrop of $70+ billion in combined Model Y and Model 3 revenue, the truck remains a rounding error in Tesla's top line for now. Whether that changes depends on how aggressively Tesla scales Cybertruck production at Gigafactory Texas — a question that hasn't had a definitive public answer.
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Sources & reporting notes
The links below identify the material source records used for this report.
- @SawyerMerritt on X (2026-11-06T16:39:31.000Z) — Direct source
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