Tesla has achieved a new feat at its Giga Texas factory, hitting a weekly production milestone of 5,000 Model Y electric crossovers. The electric car maker has officially confirmed via a tweet that its Austrian production plant in the US is now producing 5,000 Tesla Model Ys per week, which equates to around 250,000 per year. Until then, the automaker has been ramping up its global production rates to increase its market share in the global electric vehicle market and sharply reduce the company’s notorious wait period for popular models.
Teslarati reports that the automaker has reached the milestone, and to celebrate, the company used a unique 5k logo featuring the Tesla Longhorn and Tesla’s T. The special badge was reportedly used on the Model Y anniversary car to celebrate its weekly production rate of 5,000 vehicles. This is a confidence booster for the automaker, as the Tesla Giga Texas plant will also produce Tesla Cybertruck pickups in the future.
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Interestingly, the Tesla Giga Texas factory is following in the footsteps of the Tesla Giga Berlin factory, which reached a weekly production rate of 5,000 Model Ys on March 25 of this year. It’s clear that the automaker is rapidly ramping up production, as it reported a production rate of 3,000 vehicles in mid-December and then 4,000 in early April.
The Tesla Model Y has been one of the car company’s main sources of revenue since its inception. Outside of the Tesla Model 3, the electric crossover has generated the biggest sales for the auto company. The Model Y is produced at the Texas Gigafactory alongside Gigafactory Berlin and Gigafactory Shanghai.
First published date: May 11, 2023 at 11:25 AM CST