Tesla rolls out Model Y as one millionth car, becomes first EV manufacturer to produce one million vehicles

Tesla rolls out Model Y as one millionth car, becomes first EV manufacturer to produce one million vehicles

Tesla chief executive officer Elon Musk posted two images in a Twitter post below celebrating the American electric car maker’s milestone of having produced its one millionth vehicle, a red Model Y from what appears to be Tesla’s Gigafactory in Nevada, United States.

The rolling out of the Model Y pictured marks the not only Tesla’s milestone of producing one million cars, but also makes the EV maker the first to produce one million electric vehicles, according to Car Advice. The Palo Alto-based EV manufacturer has sold 807,954 units globally as of October 2019, according to a separate report by Electrek. In that time, Tesla sold 255,000 vehicles in October 2019 year-to-date.

Launched in March 2019, the Tesla Model Y is built on the same platform as the Model 3 and shares 75% of its components. The smaller sibling to the Model X can be specified with up to seven seats, and Dual Motor All-Wheel Drive Performance guise, is capable of the 0-96km/h sprint in 3.5 seconds, a top speed of 241 km/h and offer range of up to 450 km.

The Twitter post by Musk comes right after Tesla stock recorded a 13.6% drop to US$608 (RM2,577) yesterday, which market analysts have attributed to a combination of coronavirus pressures upon the firm’s Chinese production as well as declining crude oil prices, Car Advice reported, however noting that its share price drop is not necessarily indicative of over consumer confidence in the brand.

Tesla’s share price decline on Monday marks the lowest it has been since January 30 of this year, though this still represented a 214% growth compared to the firm’s share price of US$284 (RM1,204) one year ago on March 8, 2019, the report said. Last month, Tesla’s share price reached its peak of US$917 (RM3,885) on February 19.

GALLERY: Tesla Model Y

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Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

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