Overview
- Tesla confirmed this week that its 10 millionth vehicle — a Diamond Black Model Y — rolled off the Fremont, California, assembly line and was announced in a company post on X.
- The company added roughly one million cars in about seven months, keeping a recent seven‑month manufacturing pace while Q2 2026 production and deliveries rebounded to 451,758 built and 480,126 delivered.
- Total installed annual vehicle capacity exceeds roughly 2.35 million units but utilisation remains well below that level and CFO Vaibhav Taneja cited ongoing shortages of batteries and electronic components as constraints on output.
- Tesla discontinued the Model S and Model X in May and is converting those Fremont lines to build the Optimus humanoid robot, with low‑volume Optimus production at Fremont targeted later this year.
- The 10 million mark puts Tesla halfway to the 20 million‑vehicle target in Elon Musk’s shareholder‑approved pay package while other milestones — 10 million FSD subscribers, 1 million robots, 1 million robotaxis and large EBITDA gains — remain far from met, which leaves investor scrutiny on demand, lineup refreshes and factory use.