Tesla's Shanghai Gigafactory Hits Major Milestone: One Millionth Model Y Rolls Off Production Line
Portfolio Pulse from Anan Ashraf
Tesla's Gigafactory in Shanghai has reportedly manufactured its millionth Model Y, a milestone celebrated by employees. This comes over two years after the first Model Ys were delivered to customers in January 2021. However, Tesla has not officially announced this achievement. The Shanghai Gigafactory, Tesla's first overseas, also achieved the production of one million cars less than a year ago.
July 13, 2023 | 2:52 am
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The production of the millionth Model Y at Tesla's Shanghai Gigafactory is a significant milestone that demonstrates the company's manufacturing capabilities.
The production of the millionth Model Y is a testament to Tesla's manufacturing capabilities and efficiency. This milestone could potentially boost investor confidence in the company's ability to meet production targets, which could positively impact the stock price in the short term.
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