This Sunday, the Tesla production factory in Shanghai reached its millionth unit.
Tesla has manufactured 3 million cars in its history, said its own CEO Elon Musk via Twitter
“Congratulations to Giga Shanghai for building the millionth car! Tesla ‘s total is now over 3 million,” Musk tweeted on Sunday.
Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M. pic.twitter.com/2Aee6slCuv
— Elon Musk (@elonmusk) August 14, 2022
Tesla ‘s situation was getting complicated, especially in China, after the multiple closures of its factories due to the new waves of COVID-19 contagion and the global shortage of parts such as chips.
In June, Musk said he wanted the Shanghai plant “back in the saddle” and lamented that Tesla’s factories in Berlin and Austin were “furnaces of money” losing “billions of dollars” due to supply chain and production issues.
In July, Tesla said it delivered 254,695 vehicles in the second quarter, a year-over-year increase of 26.5%.
The company’s share price closed 4.7% higher at $900 on Friday. Their value on average is down 25% this year so far.
Still need to overcome giants
However, despite the fact that his three factories have marked a milestone for the development of his company, Elon Musk acknowledges that he is still far from the automobile giants.
For example, Toyota delivered more than 10 million vehicles in 2021 alone. Tesla said earlier this year that it plans to increase vehicle deliveries by 50% annually.
Volkswagen, the world’s second largest, delivered almost 9 million cars in the same period.