Tesla surpasses 3 million car production mark, announces Elon Musk

Elon Musk has announced that his electric car company Tesla surpassed the milestone of producing 3 million vehicles.

Tesla cars have so far achieved over 40 million miles and the company expects to reach 100 million miles at the end of this year.

“Congrats Giga Shanghai on making the millionth car! Total Teslas made now over 3 mn,” Musk tweeted late on Sunday.

Earlier this month, Musk hinted that Tesla would probably build “at least 10 or 12 gigafactories” in years to come.

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

Tesla reported $16.93 billion in revenue in Q2 and automotive made $14.6 billion of total sales.

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

Tesla was the third largest automaker in mainland China in the first half of this year. It delivered almost 200,000 vehicles to customers during this period.

Over 413,000 EVs were sold in the US in H1 2022, including over 64,000 electric pick-up trucks.

“Despite the improved range of vehicle types and EVs from more brands, Tesla still accounted for almost 60 percent of sales in the US in H1 2022,” according to Chris Jones, VP and chief analyst at Canalys.

Tesla is the leader in the BEV segment, with a strong performance from its Model Y and Model 3 accounting for 565,000 vehicles sold during H1 2022, giving it a market share of 14 percent.

–IANS

na/ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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