Tesla has produced more than three million vehicles, according to its CEO Elon Musk’s tweet last Sunday.
According to the tweet, Tesla’s Shanghai factory has produced one million vehicles of that total.
Musk’s announcement comes after months of Chinese blockades and parts shortages that threatened Tesla’s vehicle production, and suggests that Tesla’s Shanghai factory is producing a significant number of new vehicles following its opening in 2019 and subsequent years of investment.
Tesla announced in July that it delivered 254,695 vehicles in the second quarter, an increase of 26.5% year on year.
However, the achievement highlights Tesla’s relative insignificance compared to the giants of the automotive industry.
Toyota, for example, has delivered more than 10 million vehicles by 2021.
Tesla announced earlier this year that it intends to increase vehicle deliveries by 50%.
By 2022, Tesla shares are down almost 25% as investors re-evaluate fast-growing companies in the face of inflation and macroeconomic concerns.
Musk sold more than 7 million Tesla shares worth approximately $6.88 billion last week.
16/08/2022
