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 which threatened Tesla’s car production, and suggests that Tesla’s Shanghai plant will produce a significant number of new vehicles opening in 2018 and subsequent investment years.
The overall vehicle performance celebrated by Musk 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, an increase of 26.5% year-on-year.
But the milestone also shows how small Tesla is compared to car giants. For example, Toyota more than 10 million vehicles delivered 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 regretted that Tesla’s factories in Berlin and Austin 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 last week about $6.88 billion as he is at the same time embroiled in a lawsuit about his attempts to end a deal to buy Twitter for $44 billion.