Elon Musk said yesterday that Tesla has already produced over 3 million vehiclesof which one million is at the company’s plant in Shanghai.
The announcement comes just over two months after Tesla reported its first consecutive decline in vehicle deliveries in more than two years due to lockdowns due to Covid outbreaks in China.
“Congratulations to Giga Shanghai on making the millionth vehicle! The total number of produced Tesla vehicles already exceeds 3 million.Musk tweeted yesterday along with a photo of factory workers celebrating the milestone.
Congratulations to Giga Shanghai on producing its one millionth car! Total Tesla made more than 3 million. pic.twitter.com/2Aee6slCuv
— Elon Musk (@elonmusk) August 14, 2022
The funny thing is, just a few weeks ago, Musk boasted that the Tesla plant in Fremont, California had produced its two millionth car.
Tesla released its second quarter results in July. Between April and June, the company delivered 254,695 vehicles. This is a 26% increase compared to 201,250 vehicles delivered in the second quarter of 2021.while the figure for the previous quarter was 310,048.
Tesla also reported $2.26 billion in net income, down about 31.5% from the previous quarter.and revenue fell from $18.7 billion in the first quarter to $16.9 billion in the second.
The Shanghai plant produced about half of the company’s output last year.but a sudden spike in Covid cases has caused production at the facility to be temporarily suspended.
Tesla has been forced to increase production at its Fremont plant to try to make up the shortfall.
Tesla is still quite low on the list of the world’s largest automakers, ranking 20th (in 2021). between India’s Tata in 19th and Japan’s Suzuki in 21st.
In comparison, Toyota, the world’s number one car company, delivered more than 10 million vehicles in 2021.
Tesla also has factories in Germany and Austin, which Musk previously called “cash ovens“, lose billions of dollars due to their costs and low productivity.
Musk revealed last week that he sold $6.9 billion worth of Tesla shares to fund the Twitter purchase in case the platform forces him to end the deal in court.
Like virtually all companies, Tesla shares have fallen nearly 25% since January this year.. But last month, the share price rose slightly as it prepares for a 3-for-1 stock split.
Source: Computer Hoy
