Both Tesla and its vibrant CEO Elon Musk have posted a few production updates on Twitter in the last few days. Interesting numbers have come forward for Tesla’s overall production and from its factory in Shanghai, China.
Tesla has crossed the milestone of producing 3 million electric vehicles to date, a number Elon Musk posted in a tweet. Gigafactory Shanghai has alone produced 1 million cars as of Saturday 13th August 2022.
A long wait for Tesla Model Y customers from Australia and New Zealand has also come to an end as the automaker started deliveries in these far-away countries, Tesla shared this info in a tweet update yesterday.
“Congrats, Giga Shanghai on making millionth car! Total Teslas made now over 3M,” Musk tweeted the production update of Giga Shanghai and Tesla overall.
A celebration event was held at Giga Shanghai to celebrate the production of the 1 millionth car at the factory. A red Tesla Model Y electric SUV was the millionth vehicle produced at Gigafactory Shanghai, China.
Tesla started Model Y deliveries in the United States on 13th March 2020. It has fairly been more than 2 years for Tesla customers from Australia and New Zealand — waiting to get their hands on one.
Tesla (TSLA) has ambitious production goals in the near-term and long-term future. The company’s chairperson Robyn Denholm said at the 2022 Annual Shareholder Meeting that Tesla aims to produce 20 million EVs per annum by 2030.
For this year (2022), Tesla has set the target of producing 1.5 million cars which is half of the number of cars Tesla has made since its production start back in 2009 (the original Roadster).
The Austin, TX-based automaker had set the goal of producing 1 million vehicles last year but due to force majeure circumstances, it fell a little short of it. Tesla produced 930,422 cars in 2021 which was still an 83% growth YoY compared to the previous year 2020.
Tesla’s original factory in Fremont, California and the Giga Shanghai factory are now running at their full capacity. While Giga Berlin reached a 1,000 Model Y per week production rate in June and Giga Texas will reach the same production rate later this year as Elon Musk said at the Annual Meeting (video below).
With Giga Texas and Giga Berlin expanding capacity, these factories will add up significantly to the quarterly and yearly production numbers. Elon Musk even said that Tesla might announce another Gigafactory location this year — reaching the 20 million cars per year goal needs this kind of aggressive growth.
- Tesla (TSLA) achieved a ~17% operating margin in 2022, the best of any volume carmaker, demand is ever-higher, Musk on earnings call — Q4 report, more
- Tesla (TSLA) delivers a record number of cars in Q4 2022, a record year as well — announces earnings call date
- Elon Musk tells Tesla (TSLA) employees not to worry about the company’s stock price but rather focus on the end-of-year deliveries
- Tesla Model Y dominated European car sales in September
- Demand for Tesla vehicles is excellent, Elon Musk on Q3 2022 Earnings Call
- Tesla (TSLA) deliveries grew 35% QoQ and 42% YoY in Q3 2022 — share price sinks despite a record quarter
- You can buy Tesla (TSLA) stock till 17th August to be eligible for the 3-for-1 stock split
- Tesla (TSLA) stock surges 10% as the company posts Q2 2022 earnings — sells 75% of its Bitcoin holdings, earnings call, more