Tesla has assembled its 10 millionth electric vehicle at its Fremont, California factory. The company announced this on social media platform X. It has become the world's first manufacturer exclusively producing electric cars to reach this milestone. This was reported by Qazaqyia.kz citing Kursiv Media.
The journey has been uneven but telling. Tesla produced its first million cars only in 2020 – 12 years after production began. The next nine million were assembled in just six years, thanks to the mass-market Model 3 and Model Y.
Meanwhile, China's BYD announced in 2024 that it had produced 10 million new energy vehicles. That figure has now exceeded 17 million, but the statistics include not only EVs but also hybrids.
10 million vehicles is halfway to one of the key goals in Tesla CEO Elon Musk's $1 trillion compensation package. To receive it in full, the company must increase production to 20 million cars by 2035.
However, reaching this mark will not be easy. After record deliveries in 2023, brand sales declined for two consecutive years due to increased competition and an aging model lineup. The Cybertruck also failed to live up to expectations as a mass-market product.
Nevertheless, in the second quarter of 2026, company sales rose 25% year-over-year. This was driven by strong demand in Europe, where EVs have become more attractive amid expensive fuel.
Earlier, Kursiv Avto reported that the US may allow Tesla to produce robotaxis without steering wheels and pedals.