Tesla's Giga Shanghai Hits 3 Million Production Milestone, Celebrates With Red Model Rollout
Portfolio Pulse from Anan Ashraf
Tesla's Giga Shanghai has reached a production milestone of 3 million cars, highlighting its rapid production growth. The factory, which manufactures Model 3 and Model Y, has produced 1 million vehicles in the last 13 months. Tesla's global production exceeded deliveries last quarter.
October 13, 2024 | 4:29 am
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Tesla's Giga Shanghai has reached a production milestone of 3 million cars, indicating strong production capabilities. The factory produced 1 million vehicles in the last 13 months, and Tesla's global production exceeded deliveries last quarter.
The milestone of 3 million cars produced at Giga Shanghai demonstrates Tesla's strong production capabilities and growth. This achievement may positively impact Tesla's stock price as it reflects operational efficiency and potential for increased revenue. The fact that production exceeded deliveries last quarter suggests potential for future sales growth.
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