Tesla Inc (TSLA)

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Tesla's Texas Triumph: 4,000 Model Ys Produced In A Week
12:53 am ET April 3, 2023 (Benzinga) Print
Elon Musk-led Tesla Inc (NASDAQ:TSLA) touched a fresh milestone for Model Y vehicle production last week at its Gigafactory in Texas.

What Happened: Tesla achieved production of 4000 Model Y vehicles last week in Austin, Tesla said via Twitter.

“Congrats Giga Texas team on building 4k Model Y this week!”, Tesla tweeted, with a video of the celebrating workforce at the gigafactory.

Tesla announced that Giga Berlin touched 5000 builds per week in late March with a time-lapse video of assembling a Model Y. But unlike Giga Berlin, which focuses on battery cell manufacturing and Model Y, Texas is focused on Model Y and its much-awaited Cybertruck.

Tesla has been attempting to ramp up Cybertruck production at Austin. The EV giant has significantly ramped up hiring across roles for the Cybertruck which is expected later this year.

On Sunday, Musk tweeted that he walked down the Cybertruck production line at Giga Texas for several hours.

"Gonna be awesome," he said of the vehicle, adding that it "feels like the future."

Price Action: Tesla shares closed up 6.2% to $207.46 on Friday, according to Benzinga Pro data.

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