Tesla crosses 3 million car production mark: Elon Musk

Elon Musk has announced that his electric car company Tesla has passed the milestone of 3 million vehicles produced. Tesla cars have so far traveled more than 40 million miles and the company expects to hit 100 million miles by the end of this year.

“Congratulations, Giga Shanghai on building the millionth car! The total number of Teslas manufactured now exceeds 3 million,” Musk tweeted late Sunday. Earlier this month, Musk hinted that Tesla would likely build “at least 10 or 12 gigafactories” in the coming years.

Musk said the long-awaited Cybertruck (announced in 2019) will also be unveiled soon, though he did not elaborate further. Tesla reported second-quarter revenue of $16.93 billion, and automotive accounted for $14.6 billion of total sales.

On an earnings conference call, Musk said Tesla’s new factory outside Berlin hit the 1,000-car-a-week milestone 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 its customers during this period.

More than 413,000 EVs were sold in the United States in the first half of 2022, including more than 64,000 electric pickup trucks. “Despite improving the range of vehicle types and EVs from more brands, Tesla still accounted for nearly 60% of U.S. sales in the first half of 2022,” said Chris Jones, vice president and chief analyst at Canalys.

Tesla is the leader in the BEV segment, thanks to the excellent performance of its Model Y and Model 3, which accounted for 565,000 vehicles sold in the first half of 2022, giving it a market share of 14%.

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