Tesla Expected To Produce Over 100,000 Cars In Q1 2020

Brenda Watkins
March 11, 2020

Having overcome the Model 3 production ramp-up hurdle, however, Tesla is doing better than ever, with production, deliveries, revenue and profit all going up in the last quarter of 2019 and the company stock price surging in February.

CEO Elon Musk posted the news to his Twitter page, with a photo of the one-millionth vehicle, a bright red Model Y. In its January earnings report, the company said it expects to ship more than 500,000 cars worldwide in 2020.

Tesla started delivering China-made Model 3 electric sedans from its $2 billion Shanghai factory in December, but some buyers said on Chinese social media that the control units in their cars run on HW2.5 chips, which are less advanced than the HW3.0 chips listed on their specification sheets.

Tesla is looking for a site for a new factory to build its recently announced "Cybertruck" electric vehicle.

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One million cars is a huge accomplishment. One of the photos is a red Model Y, most likely the millionth EV to come off its production line, while the other is the same auto surrounded by company personnel. And that seemed to be a likely scenario for a while, considering Tesla suffered from production woes affecting the Model 3 over the past few years.

Now, 12 years later, Tesla has come a long way.

"From a demand perspective we now believe hitting the 100k+ units level in the first year" of Shanghai Gigafactory output appears "unlikely", Ives was quoted as saying.

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