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Tesla: Model Y production started in Shanghai

Tesla Inc. unveiled on Saturday that the manufacture of its Model Y electric compact crossover utility vehicle in Shanghai has begun.

In a fourth-quarter vehicle production and deliveries report, the California-based company added that deliveries for the Model Y across the Asian country will follow shortly. The report also added that the largest electric vehicle maker has produced more than 500,000 vehicles in 2020.

"So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all," Tesla CEO and founder Elon Musk tweeted.

Breaking the News / BU