Tesla's Shanghai Gigafactory Reaches New Heights with 2M EVs Produced
Portfolio Pulse from Anan Ashraf
Tesla's Shanghai Gigafactory has reached a production milestone of 2 million vehicles. The factory, which is Tesla's only one in China or Asia, produces Model 3 and Y cars for both the domestic China market and for export. It took the company 33 months to produce its first million vehicles and only 13 months to produce the next million. Tesla CEO Elon Musk praised the quality and efficiency of the cars produced in China.
September 06, 2023 | 11:02 am
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Tesla's Shanghai Gigafactory has hit a production milestone of 2 million vehicles, indicating efficient production and potential for increased sales.
The production milestone indicates that Tesla's operations in China are efficient and growing. This could lead to increased sales, both domestically and internationally, which could positively impact Tesla's stock price.
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