Tesla surpasses 3 mn car production mark: Elon Musk

by IANS |

New Delhi, Aug 15 (IANS) 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, though he did not give further details.

Tesla reported $16.93 billion in revenue in Q2 and automotive made $14.6 billion of the 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 biggest 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 per cent 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 of vehicles sold during H1 2022, giving it a market share of 14 per cent.

Latest News
IMD predicts continued heavy rainfall in east India Sun, Sep 24, 2023, 04:19 PM
Mamata Banerjee congratulates Indian medal winners in Asian Games Sun, Sep 24, 2023, 03:51 PM
Men enter quarterfinal in Table Tennis team competition, women crash out in Round of 16 Sun, Sep 24, 2023, 03:45 PM
US scientists restore walking in mice after paralysis Sun, Sep 24, 2023, 03:38 PM
Study shows our gut microbes may determine bone health Sun, Sep 24, 2023, 03:32 PM
1 dead, 7 missing as boat capsizes in China Sun, Sep 24, 2023, 03:16 PM
IT cities Hyderabad, Bengaluru connected by Vande Bharat Express Sun, Sep 24, 2023, 03:14 PM
Pakistan says two foreign spies held in Islamabad with explosive material Sun, Sep 24, 2023, 03:13 PM
Bumrah to miss second ODI, given short break to visit his family; Mukesh Kumar roped in as replacement Sun, Sep 24, 2023, 03:11 PM
Iyer, Gill take India to 79/1 against Australia before rain stops play in Indore Sun, Sep 24, 2023, 03:07 PM
India crush Bangladesh by 8 wickets, enter women's cricket gold medal match Sun, Sep 24, 2023, 02:08 PM
Prasidh replaces rested Bumrah; Johnson to debut as Smith-captained Australia win toss, elect to bowl against India Sun, Sep 24, 2023, 01:48 PM
Indian men's hockey team begins campaign with dominant 16-0 win over Uzbekistan Sun, Sep 24, 2023, 12:54 PM
Two wanted criminals arrested in Delhi after brief chase Sun, Sep 24, 2023, 12:45 PM
PM Modi's Oct 1 public rally to kick-start BJP's campaign in Telangana Sun, Sep 24, 2023, 12:44 PM