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
Slack CEO to quit Salesforce in Jan 2023 Tue, Dec 06, 2022, 01:15 PM
After iPhones, Apple now plans to shift some iPad production to India Tue, Dec 06, 2022, 01:14 PM
Pakistan's Haris Rauf ruled out of Test series v England Tue, Dec 06, 2022, 01:13 PM
Neymar pays tribute to ailing Pele Tue, Dec 06, 2022, 01:12 PM
Brazil cruise past S.Korea 4-1; set up Last 8 clash with Croatia Tue, Dec 06, 2022, 01:10 PM
Tite hails Brazil's 'offensive boldness' Tue, Dec 06, 2022, 01:09 PM
Denmark saw record number of bankruptcies in Nov Tue, Dec 06, 2022, 01:08 PM
Turkish intelligence kills senior YPG member in Syria Tue, Dec 06, 2022, 01:07 PM
Violence, harassment at work affect nearly 23% of people globally: ILO Tue, Dec 06, 2022, 01:05 PM
Sweden's extradition of PKK member shows goodwill: Turkey Tue, Dec 06, 2022, 01:05 PM
Greek businesses, households shift to solar power amid energy crisis Tue, Dec 06, 2022, 01:04 PM
633 migrants rescued off Libyan coast in past week: IOM Tue, Dec 06, 2022, 01:03 PM
Diplomacy, foreign policy contributors honoured at UN with Diwali Foundation award Tue, Dec 06, 2022, 01:02 PM
Miscreants loot cash, jewellery worth Rs 30 lakh in Bihar's Samastipur Tue, Dec 06, 2022, 01:01 PM
'Flying Squad' formed to stop noise pollution in Goa Tue, Dec 06, 2022, 01:00 PM