Tesla has produced more than three million vehicles, according to its CEO Elon Musk’s tweet last Sunday.<\/p>\n
According to the tweet, Tesla’s Shanghai factory has produced one million vehicles of that total.<\/p>\n
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.<\/p>\n
Tesla announced in July that it delivered 254,695 vehicles in the second quarter, an increase of 26.5% year on year.<\/p>\n
However, the achievement highlights Tesla’s relative insignificance compared to the giants of the automotive industry.<\/p>\n
Toyota, for example, has delivered more than 10 million vehicles by 2021.<\/p>\n
Tesla announced earlier this year that it intends to increase vehicle deliveries by 50%.<\/p>\n
By 2022, Tesla shares are down almost 25% as investors re-evaluate fast-growing companies in the face of inflation and macroeconomic concerns.<\/p>\n
Musk sold more than 7 million Tesla shares worth approximately $6.88 billion last week.<\/p>\n","protected":false},"excerpt":{"rendered":"
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