{"id":242831,"date":"2023-10-23T22:19:43","date_gmt":"2023-10-23T22:19:43","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=242831"},"modified":"2023-10-23T22:19:43","modified_gmt":"2023-10-23T22:19:43","slug":"teslas-annual-vehicle-capacity-increased-to-over-2-3-million","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/electric-cars\/teslas-annual-vehicle-capacity-increased-to-over-2-3-million\/","title":{"rendered":"Tesla's Annual Vehicle Capacity Increased To Over 2.3 Million"},"content":{"rendered":"
Tesla, the world’s largest all-electric car manufacturer, once again increased its potential annual manufacturing output, recently exceeding 2,350,000 units, according to Q3 financial report.<\/p>\n
That’s an increase of 325,000 compared to the previous report (Q2 2023). The year-over-year increase amounted to roughly 450,000.<\/p>\n
This time, the change is associated with the Giga Shanghai plant, where the installed capacity increased by 200,000 (from over 750,000 to over 950,000 per year), and with the Giga Texas plant, where the Tesla Cybertruck’s installed capacity was estimated at over 125,000 units per year.<\/p>\n
Of course, the installed manufacturing capacity and the actual production volume are two different things. Tesla’s production in Q3 amounted to 430,488 (up 18 percent year-over-year) – so less than in Q2, but the company explains that it “brought down several production lines for upgrades at various factories, which led to a sequential decline in production volumes”.<\/p>\n
The average production volume during the past two quarters (Q2-Q3) amounted to over 450,000, which means that the company shouldn’t have any problems with reaching its annual goal of 1.8 million vehicles in 2023. Meanwhile, Tesla’s cumulative EV production (since 2008) reached 5 million units on September 17, 2023.<\/p>\n
In this post, we will walk through Tesla’s EV manufacturing plants to see what’s new at each of the sites.<\/p>\n