Tesla Giga Factory Pumps Out 5K Tesla Model Ys a Week
Tesla is the leading producer of electric vehicles in the world. The electric vehicle and clean energy company has made huge strides in the last few years. Tesla dominates the EV space, and despite the best efforts of competitors, no other brands account for nearly as much market share. The Tesla Model Y is the most popular electric vehicle in the world. Tesla’s Giga Factory is making thousands of models a month, ensuring there’s enough supply to meet the demand.
Tesla is making thousands of Model Ys every week
Tesla’s Texas Gigafactory is the company’s global headquarters. The factory produces the Model Y and should produce the Cybertruck as well. It’s powering Tesla’s domination in the U.S. thanks to its incredible output. According to InsideEVs, Tesla’s Texas factory makes 5,000 Tesla Model Y small electric SUVs every week. That’s a whole lotta Model Ys.
To put that number in perspective, if the Texas Gigafactory consistently produced 5,000 small SUVs a week, it would make 240,000 models a year. The Tesla Model Y is currently outselling the Toyota RAV4, which is the world’s most popular SUV. The question is, why are so many drivers getting Tesla’s small electric SUV in 2023?
The Tesla Model Y is surprisingly affordable
The 2023 Tesla Model Y base model starts at $47,240. The base model hasn’t been available in America in the last few months. Now that it’s back, the small electric SUV is technically more affordable than it has been in months.
The EV is also eligible for the federal electric vehicle tax incentive following the inflation reduction act of 2022. After the tax credit, the Model Y’s starting price is closer to $39,740.
The Tesla Model Y base model gets 279 miles of driving range. It can go from 0-60 miles per hour in just 5.0 seconds. The Model Y has enough range to be practical for most drivers and is exceptionally quick.
Why Tesla needs as many Model Y small SUVs as possible
The year 2023 is becoming historic because the Model Y’s success is a clear indicator of the direction of the automotive industry. Consumers have a strong interest in EVs despite all the complications that could come with electric vehicle ownership.
Tesla needs as many Model Ys as possible because this is the most popular the small SUV has been in America thus far. If the brand can meet the overwhelming demand for the EV and avoid any huge recalls, thousands of new Model Ys will be on American roads by 2024. In the next two years, we could easily see half of a million new Tesla small electric SUVs in the United States.
The Model Y will eventually lose its full federal electric vehicle tax incentive eligibility, making it more expensive. If Tesla capitalizes on the extraordinarily high demand for its EV, it could change the electric future. Hyundai and Ford are producing popular small electric SUV models, but can either company catch up to Tesla as it goes on a run for the ages?