Tesla Shanghai Gigafactory: Model Y production capacity exceeds Model 3, growing rapidly

Reports on December 18 showed that recent industry data revealed a striking trend: the Tesla Gigafactory in Shanghai is producing Model Y models at an alarming rate, exceeding the production of Model 3. This factory is not only Tesla's most important car manufacturing center, but also produces Model Y and Model 3, which are currently the company's most popular models

Tesla's Development The journey is worth reviewing. In the electric vehicle market, Model 3 once dominated and became Tesla's main source of sales revenue. However, with the launch of the Model Y, that's starting to change. Tesla CEO Elon Musk has publicly stated that he expects the Model Y to become the company's best-selling model and to top sales charts globally. This optimistic forecast shows Tesla’s confidence in the huge potential of Model Y. It is understood that Model Y is very popular among consumers and has become the main production model of the Shanghai Gigafactory. According to analysis by Troy Teslike, a well-known Tesla development blogger, the Shanghai factory is expected to produce more than twice the Model Y this year as Model 3, specifically reaching 2.07 times that of Model 3. In comparison, the production volume of Model Y last year was only 1.77 times that of Model 3

Troy also pointed out that the production of Model Y not only meets market demand, but also conforms to Tesla's financial strategy. Compared with Model 3, this model has higher profit margins, which is important for improving Tesla's already leading gross profit margin level in the automotive industry. The increase in gross profit margin not only helps to improve the company's financial condition, but also further enhances its overall profitability

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