Tesla has made 1 million electric cars, CEO Elon Musk announced on Twitter on Monday evening. Musk shared an image of the vehicle, a red Model Y—Tesla’s forthcoming lower-cost crossover.
It’s a remarkable milestone. The carmaking business is notoriously competitive and capital-intensive. Before Tesla, it had been decades since anyone had built a substantial American carmaker.
But Tesla is clearly here to stay. Wall Street now values the company at almost $120 billion—more than GM and Ford put together. The company has big expansion plans, with a recently launched factory in China and another planned for Germany. If all goes according to plan, Tesla will make its 2 millionth car in just a couple of years—far faster than the decade-plus it took to make the first million.
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Source: Ars Technica – Tesla makes its millionth car—a red Model Y