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
How Meta Generated $32 Billion in Ad Revenue Last Quarter
Meta Is Laying Off 5% of Its Workforce: Read the Memo
Think Copying Big Brands Will Bring You Success? Think Again
The $100-Million Habit That Leads to Extraordinary Success
US stocks reverse gains despite softer inflation data; Trump tariffs eyed By Investing.com
Microsoft Is About to Begin Job Cuts. Here’s Why.
10 Critical Questions to Ask Your Financial Advisor Now
10 Ways to Make Money As a Graphic Designer
What CMOs Need to Know About AI Adoption in Marketing Teams
If you are 60 years old, new 401(k) rules could save you money
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoMicrosoft Is About to Begin Job Cuts. Here’s Why.
-
Make Money6 days ago10 Critical Questions to Ask Your Financial Advisor Now
-
Make Money5 days ago10 Ways to Make Money As a Graphic Designer
-
Investing7 days agoWhat CMOs Need to Know About AI Adoption in Marketing Teams
-
Personal Finance4 days agoIf you are 60 years old, new 401(k) rules could save you money
-
Investing5 days agoCould Easier Cancellations Build Customer Loyalty?
-
Investing6 days agoAirbus keeps top spot with 766 jet deliveries in 2024 By Reuters
-
Side Hustles7 days agoJPMorgan to Implement a Five-Day Return-to-Office Mandate