Tesla Inc. has produced more than 3 million vehicles, and a third of those were built in China, according to Elon Musk.
On Sunday, the Tesla boss congratulated the company’s “Gigafactory” in Shanghai. in a tweet: “Congratulations to Giga Shanghai on their millionth car! In total, over 3 million Teslas have now been made.”
The milestone came just weeks after Musk said Tesla’s factory was in Fremont, California.produced its 2 millionth vehicle. Tesla also has new factories in Austin, Texas, and Berlin, which Musk described as “money furnaces” in June.
The Shanghai plant opened in 2018 but has been plagued by temporary closures due to COVID-19 restrictions and parts shortages.
In July, Tesla said it had delivered nearly 255,000 vehicles in the second quarter, down about 18% sequentially. Still, the electric-car maker beat Wall Street expectations for its second-quarter results and defied forecasts that the Shanghai shutdown would hurt its bottom line.
When earnings were released, Musk said the company had been “in supply chain hell for several years,” but barring one surprise, “we have the potential for a record-breaking second half.”
In that report, Tesla said the Shanghai plant achieved “the highest vehicle production month in our history” in June.
Tesla shares TSLA, +4.68%, are up 25% over the past month as a 3-for-1 stock split is due on Aug. 24, but they’re still up about year-to-date against the S&P 500 15% down SPX, +1.73% 10% drop this year.