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Elon Musk announced Tesla has surpassed 3 million car production mark

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Elon Musk has announced that his electric car company, Tesla, has produced 3 million vehicles.

Tesla vehicles have travelled more than 40 million miles to date, and the company expects to reach 100 million miles by the end of this year.

“Congrats Giga Shanghai on making the millionth car! Total Teslas made now over 3 mn,” Musk tweeted late on Sunday.

Musk hinted earlier this month that Tesla would most likely build “at least 10 or 12 gigafactories” in the coming years.

Musk also stated that the long-awaited Cybertruck (announced in 2019) will be unveiled soon, though he did not provide any additional details.

Tesla reported $16.93 billion in revenue in the second quarter, with automotive accounting for $14.6 billion of total sales.

Musk stated during an earnings call that Tesla’s new factory outside of Berlin produced 1,000 cars per week in June.

In the first half of this year, Tesla was the third largest automaker in mainland China. During this time, it delivered nearly 200,000 vehicles to customers.

In the first half of 2022, over 413,000 EVs were sold in the United States, including over 64,000 electric pickup trucks.

“Despite the improved range of vehicle types and EVs from more brands, Tesla still accounted for almost 60 per cent of sales in the US in H1 2022,” according to Chris Jones, VP and chief analyst at Canalys.

Tesla is the market leader in the BEV segment, with its Model Y and Model 3 accounting for 565,000 vehicles sold during H1 2022, giving it a 14 percent market share.

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Brendan Taylor

Brendan Taylor was a TV news producer for 5 and a half years. He is an experienced writer. Brendan covers Breaking News at Insider Paper.

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