Elon Musk said Tesla has produced more than 3 million cars to date, and it highlights just how much smaller the company is than the auto giants it's up against




Elon Musk
Elon Musk  
  • Tesla has produced over 3 million cars to date, with 1 million of them made in its Shanghai factory.

  • CEO Elon Musk said "production is a much bigger challenge than demand" for the EV maker.

  • Tesla has been in "supply chain hell" for the past few years, Musk said in July.

Tesla has produced over three million cars so far, with one-third of them coming from the company's Gigafactory in Shanghai, CEO Elon Musk tweeted on Sunday.

Musk was congratulating Tesla Shanghai on making its one-millionth car, which came amid months of lockdowns and COVID-19 restrictions in China. Tesla's Shanghai Gigafactory opened in 2019.

While producing over 3 million cars is a milestone for Tesla, the electric-vehicle maker still lags far behind output from legacy car companies. Toyota, the world's largest car maker, delivered over 10 million cars, while Volkswagen, the world's second-biggest auto maker, delivered almost 9 million cars - and that's just in 2021 alone.

However, Tesla does have strong demand going for it: Musk said Sunday on Twitter that "production is a much bigger challenge than demand" for the company.

On Tesla's second-quarter earnings call in July, Musk said the company has been in "supply chain hell" for the past few years but could have a "record-breaking" second half of 2022.

In July, Tesla announced that it delivered more than 250,000 cars in the second quarter of the year. That's 18% lower on-quarter due to supply chain issues and a shortage of parts, but the delivery number represented a 27% increase from a year ago. Tesla produces cars in California, Texas, and Berlin.

Tesla's share price closed 4.7% higher at $900.09 on Friday. The stock is down 25% this year so far.

COMMENTS

More Related News

U.S. futures edge higher on upbeat Tesla outlook, GDP data awaited
U.S. futures edge higher on upbeat Tesla outlook, GDP data awaited
  • US
  • 2023-01-26 12:30:26Z

After Microsoft Corp's disappointing outlook spooked markets in the previous session, Tesla Inc's better-than-expected quarterly results reassured investors ...

Science has finally cracked the mystery of why so many people believe in conspiracy theories
Science has finally cracked the mystery of why so many people believe in conspiracy theories

Fall for conspiracy theories isn't driven by ignorance, or isolation, or insanity. It's something far more common - and way, way scarier.

Musk outlines Tesla
Musk outlines Tesla's recession playbook: claw back costs
  • US
  • 2023-01-26 05:00:36Z

Elon Musk has a playbook for Tesla headed into what he believes will be a "serious" recession: cut costs on everything from parts to logistics, while keeping...

Musk says China rivals
Musk says China rivals 'work hardest, smartest'

Elon Musk sees the toughest competition for Tesla in China, home of the company he expects "most likely to be second" in electric vehicles. China is Tesla...

Tesla reports record profits, confirms long-term outlook
Tesla reports record profits, confirms long-term outlook

Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth outlook in spite of concerns about rising...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • social media marketing
    (2022-08-15 06:12:48Z)

    I visited various web pages except the audio feature for audio songs current
    at this web page is genuinely excellent.

    REPLY
  • Get More Info
    (2022-08-15 08:18:29Z)

    Whether you would like to purchase vehicle finance online, you have to narrow down all the achievable packages and fees that match
    your budget. As usually with the scenario of numerous, they often tend to forget the
    relevance of comparing finance quotes that they usually tend to spend
    thrice as high as they could possibly have really spared, Home Page.

    REPLY
  • CBD For Diabetes: Symptoms
    (2022-08-15 09:35:10Z)

    CBD - Ꮤhɑt Are Τhe Diffeгent Ways To Use It?

    REPLY
  • questionsweb.in
    (2022-08-15 12:24:54Z)

    Ltd. is a SAP Gold Partner with 20+ years of Industry expertise that specialize in SAP Business One
    implementation for SMEs.

    REPLY
  • calendário 2022
    (2022-08-15 16:33:52Z)

    Hey There. I found youսr webloɡ using msn. This iis an extremely
    well written artіcle. I'll be sure tto bookmark itt and come back to read extra oof your
    helpful information. Thanks for thee pօst.
    I'll certainly return.

    REPLY
  • test.com
    (2022-08-15 16:50:25Z)

    When someone writes an post he/she retains the plan of a user in his/her brain that how a user can know it.
    Therefore that's why this post is great. Thanks!

    REPLY
  • online casino india
    (2022-09-15 13:32:28Z)

    No mattger iif somme onee searches ffor hiis required thing, thjerefore he/she wishhes
    tto bbe available tha iin detail, sso thaqt thingg iss mainfained ober here.

    REPLY
  • Dr. Sahin Yanik

    Dr. Sahin Yanik finished medical school at Trakya University іn Edirne,
    Turkey. After completing hiis internal medicine training аt thе University of Buffalo, hе
    moved t᧐ southern California, ԝheгe hee hass been practicing medicine
    ѕince 2007. Dr. Yanik is cսrrently ɑ hospital-based
    physician, specializing in internal medicine,
    аt Northridge Medical Center іn Northridge, California.
    Не is board certified byy the American Academy
    оf Hospice and Palliative Medicine ɑnd Ƅy the American Board of Internal Medicine.


    Ηaving praqcticed іn multiple settings, frօm hosspital tо outpatient,
    Dг. Sahin һɑs participated іn multiple projects tһat have involved
    improving patient safety ɑnd quality of care.

    Ηe has comprehensive experience аnd expertise iin treating
    symptoms оf aϲute disease, аs weⅼl аs chronic conditions аnd end of life
    care. Wіth hіs background in palliative care, Ꭰr.
    Yanik believes іn not onlү treating the disease іtself, but гather treating
    tһe wһole person ԝith dignity аnd respect.

    Ɗr. Yanik was ɑ recipient of the Art of Compassion award іn 2011 and the Stellar Stethoscope in 2009,
    bοth by St. John’s Regional Medical Center.

    REPLY

Top News: Latin America