Tesla Has Now Made 1 Million Cars, Elon Musk Tweets
Late Tuesday, CEO Elon Musk tweeted that Tesla (NASDAQ: TSLA) had made its 1,000,000th car. This news comes as the electric vehicle maker is dealing with the COVID-19 outbreak that caused car sales in China to plunge 80% in February.
Tesla opened its new Gigafactory in Shanghai in the fourth quarter, when it began turning out the first Model 3 deliveries in China. A factory to produce the Model Y also just broke ground in Shanghai. These new factories position Tesla to accelerate revenue growth, but the virus could disrupt those plans in the near term.
Image source: Tesla.
Source Fool.com
