• About
  • Contact
Friday, July 1, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Tesla Became The First Automaker To Produce 1 Millionth Electric Car

Pritish raj by Pritish raj
March 11, 2020
in News, Automobile
Reading Time: 2 mins read
A A
0
Tesla 1 Millionth Car- Next Big Brand

Tesla 1 Millionth Car- Next Big Brand

  • Tesla became the first automobile maker to produce 1 millionth electric car, Elon Musk announced it through a tweet on Tuesday.

The company’s CEO Elon Musk announced on Twitter that Tesla has built 1 millionth electric car. The announcement was made by Musk sharing a picture of the car, a red Model Y, and congratulating the Tesla team on reaching the milestone. It’s a momentous moment for an automaker established only in 2003.

Tesla launched its first production vehicle, the Roadster, back in 2008, meaning this million-car mark has taken a little over twelve years to reach. Nonetheless, based on current expectations it could end up hitting the two million mark a lot sooner.

The company said it plans to sell more than 500,000 cars worldwide in 2020, in its January earnings report. Known automakers such as Toyota or the Volkswagen Group manufacture more than 10 million vehicles a year each. Nonetheless, the landmark for Tesla is a tremendous achievement for an automobile company that produces only electric vehicles.

Tesla Millionth Car- Next Big Brand
Tesla Millionth Car- Next Big Brand

The electric car company hit the milestone as it starts producing more of its vehicles outside the US. It delivered its first cars assembled at its Shanghai Gigafactory at the end of last year.

Meanwhile, the company is also preparing the site for its fourth Gigafactory near Berlin in Germany, after a court ruled that it could continue its tree felling work despite a lawsuit from environmental groups.

Elon Musk tweeted this on Tuesday

Congratulations Tesla team on making our 1,000,000th car!! pic.twitter.com/5M99a9LLQi

— Elon Musk (@elonmusk) March 10, 2020

Tesla is expected to start shipping its latest car, the Model Y, this month ahead of its original estimate of fall 2020. Meanwhile, the Cybertruck corporation is expected to go into service late in 2021.

Elon Musk talked about making 500,000 vehicles a year. Tesla finished 2019 with 367,500 output. Model 3 now outsells every vehicle in the luxury entry category be it in Germany, Japan or in the US. When Tesla’s Cybertruck was put on the show last year in November, the company went home with 200,000 pre-orders in 3 days.

With this powerful performance, not only Tesla but its investors are also enjoying a smooth ride. The stock value of Tesla is worth 37% more than General Motors and twice the value of Ford ($37 billion).

Tesla gained 22% this year, more than 14% average for the 10 largest automakers. Over the past 2 years, Tesla is no.1 with 31% returns when its competitors lost 4%. Since 2017, Tesla is No.1 with a 99% return.

For the first time, Tesla Inc.’s market value crept briefly above $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months in January 2020.

Previous Post

Did You Notice Hotstar’s New Logo? The OTT Platform Is Gearing Up for Disney Plus India Launch

Next Post

For the First Time in 77 Years, IKEA Selects 3rd Party Selling

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

20220630 185323
Cryptocurrency

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
png 20220628 164551 0000
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
Next Post
IKEA - next big brand

For the First Time in 77 Years, IKEA Selects 3rd Party Selling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption
  • World’s First NFT Museum Launched By Metawhale World
  • Byju’s-owned WhiteHat Jr Lays Off 300 Employees

Latest News

20220630 185323

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.