Tesla introduced on September 17, 2023 that, in the course of the week, it produced its 5 millionth electrical automotive.

The milestone comes about 20 years after the corporate was began in 2003 and 15 years after the primary automotive (the unique Roadster) was produced and delivered in 2008.

The primary millionth automotive was produced in March 2020, which implies that it took 12 years of manufacturing. The second million vehicles have been produced inside 18 months, the third inside 11 months, and the fourth in seven months. Let’s observe that the cumulative stage of 4,000,000 models was introduced on March 1, 2023, simply over six months in the past.

Tesla is the biggest all-electric automotive producer on the planet and its present manufacturing charge is step by step approaching two million models per 12 months.

If the present charge stays secure or additional will increase (which is extra possible), we should always see the sixth millionth Tesla in early 2024.

In accordance with Tesla’s Weibo account in China (see a picture beneath), the jubilee automotive occurred to be the brand new Tesla Mannequin 3 Highland in Pearl White, produced on the Tesla Giga Shanghai manufacturing facility.

That is Tesla’s largest manufacturing web site (and the biggest EV manufacturing facility on the planet), which earlier this month produced its two millionth electrical automotive.

Contemplating how massive the automotive trade is, Tesla nonetheless has to broaden a number of occasions to succeed in 10 million models yearly and match the biggest automotive teams. This would possibly take a number of years, assuming the goal progress charge of fifty p.c year-over-year (if achieved).

Right here is Tesla’s manufacturing progress over the previous a number of years, as much as the report second quarter of 2023:

We do not have the information for the third quarter but, however we will already think about the following bar on the chart beneath at round 5 million models.

The following massive factor for Tesla is likely to be associated to the Tesla Cybertruck, though till the next-generation EVs are prepared, the primary product is predicted to nonetheless be the Tesla Mannequin Y.