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Immediately following the earnings release, Tesla's stock surged by 6.7%, reflecting investor confidence in the company's trajectory.
Vehicle Production Milestones
Tesla announced that it has now produced its 7 millionth vehicle, a significant milestone illustrating its massive scale and production efficiency. The company continues to ramp up its manufacturing capacity, with factories in ample operation and new facilities under construction.
The Cybertruck's production continues at pace, with the first positive gross margin reported for the vehicle for the first time—an encouraging sign for the much-anticipated model's profitability. Tesla’s Semi truck project remains on schedule, with factory bills expected to begin by the end of 2025.