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Tesla and Elon Musk: Latest Developments and Market Outlook

Record-Breaking Tesla Giga Factory Production

Tesla has recently hit a new milestone with its Giga Shanghai factory reaching an analyzed production rate of nearly 1.1 million vehicles annually—an all-time high for the plant. This surge in output underscores Tesla's robust manufacturing capabilities and hints at strong demand in the market. Notably, Tesla achieved a production of 91,000 vehicles in November, making it the highest monthly output in 2023. This indicates that the company has ramped up Model 3 production significantly, a move likely driven by continued demand, as Tesla would not push production to such heights otherwise.