Tesla crosses 3 million car production mark Elon Musk

Tesla

Elon Musk has announced that his electric car company Tesla has crossed the milestone of producing 3 million vehicles. Tesla cars have achieved over 40 million miles so far and the company expects to reach 100 million miles by the end of this year.

Musk tweeted late Sunday: “Congratulations to Giga Shanghai on making the millionth car! Total Tesla now exceeds 3 million.”

Earlier this month, Musk indicated that Tesla would build “at least 10 or 12 Gigafactory” in the coming years.

Musk said that the long-awaited Cybertruck (announced in 2019) will also be unveiled soon, though he did not provide further details.

Tesla Reported Revenue of $16.93 Billion in the Second Quarter, and Automotive Generated $14.6 Billion of Total Sales

In an earnings call, Musk said Tesla’s new factory outside Berlin surpassed 1,000 cars per week in June.

Tesla was the third largest automaker in mainland China in the first half of this year. During this period it delivered around 200,000 vehicles to customers.

More than 4,13,000 electric vehicles were sold in the US in the first half of 2022, including more than 64,000 electric pickup trucks.

According to Canalys VP and Chief Analyst Chris Jones, “Despite more vehicle types from more brands and a better range of EVs, Tesla still accounted for about 60 percent of sales in the US in the first half of 2022.”

Tesla is the leader in the BEV segment, with the strong performance of its Model Y and Model 3 selling 565,000 vehicles during the first half of 2022, giving it a market share of 14 percent.

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