Investing
Tesla achieves 5,000-unit weekly production milestone for Model Y
© Reuters. Tesla (TSLA) achieves 5,000-unit weekly production milestone for Model Y
Electric vehicle giant, Tesla (NASDAQ:) said Tuesday that the automaker’s Texas facility has reached a 5,000-unit weekly production rate for its Model Y, equating to roughly 260,000 vehicles annually.
The popularity of Tesla’s Model Y has surpassed that of its sibling, the Model 3, making it the automaker’s top-selling vehicle. With its widespread appeal, the Model Y has become highly sought-after globally, prompting Tesla to increase production capacity in order to meet the high demand.
Tesla Giga Texas reached a production rate of 3,000 Model Y units per week in December and added 1,000 more units by early April. Just over a month later, the company has already reached a new milestone of 5,000 units in a single week, increasing the capacity by 20 percent in a short amount of time.
Shares of TSLA are up 2.26% in premarket trading on Wednesday.
Read the full article here
-
Make Money7 days ago
The 15 Fastest-Growing Jobs in America for the Coming Decade
-
Passive Income6 days ago
This Minimalist Lamp Lets You Pick From 16 Million+ Lighting Colors for Maximum Productivity
-
Side Hustles7 days ago
Meta Tests Custom AI Images on Facebook, Instagram Feeds
-
Side Hustles6 days ago
Protect Your Business With AdGuard VPN’s Powerful Security Features
-
Make Money5 days ago
15 Jobs That Will Shrink the Fastest Over the Next Decade
-
Passive Income7 days ago
Tired of Getting Work Calls After Hours? Try This.
-
Side Hustles7 days ago
Proto Hologram Boxes Project 3D Images, Like ‘The Jetsons’
-
Side Hustles4 days ago
3 Steps You Can’t Miss When Growing Your Business