Part 8/11:
In China, Giga Shanghai recently hit a major milestone, producing 1 million Model Y vehicles since beginning operations. This achievement underscores Tesla’s expanding global footprint and manufacturing prowess.
Conversely, Lucid Motors reported a slight decline in deliveries, with 1,404 vehicles delivered in Q2 compared to 1,406 in Q1, representing a minor dip. Additionally, Lucid’s production slowed from nearly 2,300 units to just under 2,200, and its stock tumbled by approximately 12% in a single day. Over the past year, Lucid’s stock has plunged more than 86%, reflecting investor doubts about its near-term growth prospects.