May 17, 2021, Brandenburg, Grünheide: Tesla CEO Elon Musk stands at the Tesla factory construction site and greets with his helmet.
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Tesla has made more than three million cars, CEO Elon Musk tweeted Sunday. Of that total, Tesla’s Shanghai factory has made one million cars, according to the tweet.
“Congratulations Giga Shanghai on making the millionth car! Total Teslas now over 3 million made,” Musk tweeted.
Musk’s announcement comes after months of lockdowns and parts shortages in China that have threatened Tesla’s vehicle production, and suggests that Tesla’s Shanghai plant will produce a significant number of new vehicles after opening in 2018 and subsequent years of investment.
The overall performance of the vehicle Musk is celebrating on Sunday comes after reported deliveries from Tesla, the best approach to sales, have surged in recent quarters. In July, Tesla said it delivered 254,695 vehicles in the second quarter, up 26.5% year over year.
But the milestone also shows how small Tesla is compared to car giants. 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.
In addition to the Shanghai factory, Tesla manufactures cars at factories in Fremont, California; Austin, Texas; and near Berlin in Germany. Musk said in July that the Fremont factory, the company’s first, had made 2 million cars.
In June, Musk said he wanted to get the Shanghai factory “back in the saddle” and lamented that Tesla’s Berlin and Austin plants were “money kilns” that lost “billions of dollars” due to supply chain and manufacturing problems.
Tesla shares are down nearly 25% in 2022 as investors reassessed high-growth companies in the face of inflation and macroeconomic concerns. Musk sold more than 7 million shares of Tesla worth about $6.88 billion last week as he is simultaneously embroiled in lawsuits over his attempts to end a deal to buy Twitter for $44 billion.