Elon Musk says Tesla has made over 3 million cars

17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat.

The company has made over three million cars. One million cars have been manufactured by the Shanghai factory of the electric car maker.

The millionth car was made by GigaShanghai. The total number ofTeslas is over 3 million.

After months of parts shortages in China that threatened the production ofTesla's vehicles, Musk's announcement suggests that the company is making a lot of new vehicles.

The total vehicles achievement celebrated by Musk on Sunday came after the closest approximation for sales have been rising. In July, the company said that it had delivered more than 200,000 vehicles in a single quarter.

The milestone shows how small the car company is. In just one year, Toyota delivered over 10 million cars. The electric car maker said earlier this year it would increase vehicle deliveries by 50% a year.

In addition to its headquarters in Palo Alto, California, the company also has factories in Austin, Texas, and Berlin, Germany. In July, Musk said that the company had made two million cars.

In June, Musk said he wanted to get the Shanghai plant back in the saddle and lamented that the Berlin and Austin factories were losing Billions of Dollars because of supply chain and production issues.

In the years to come, investors will be looking at fast-growing companies in the face of inflation. In the last week, Musk sold over 7 million shares ofTesla, worth about $6.88 billion, as he was tied up in litigation over his attempts to end a deal to buyTwitter.