Tesla Daily: Tesla News & Analysis
Major Production Milestone, Dojo Report, Musk Meetings, Hertz (09.18.23)
Sep 18, 2023
Tesla reaches major production milestone by producing 5 million vehicles. Goldman Sachs lowers TSLA estimates. Report on Tesla's Dojo plans. Musk meets with prime minister of Israel and president of Turkey. Tesla and Hertz add app access. Insight from Deutsche Bank note. California sues oil companies. SpaceX countersues DOJ. The Boring Company to host demo day.
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Quick takeaways
- Tesla hits 5 million vehicle production milestone, reflecting continuous growth and potential for future success.
- Tesla plans to increase orders for Dojo chips, highlighting their commitment to further develop their AI capabilities.
Deep dives
Tesla Produces 5 Millionth Car, Highlighting Impressive Growth
Tesla recently announced that they have produced their 5 millionth car, just six months after hitting the 4 million mark. This milestone signifies Tesla's close-to 2 million-per-year run rate on production. The company's progress is noteworthy, considering it took over a decade to produce the first million vehicles. However, the lack of specificity on the production date limits insights into the quarter's production numbers, primarily due to uncertainties caused by highland. Nevertheless, this achievement reflects Tesla's continuous growth and potential for future success.
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