News
Tesla produces one Model Y every 2 minutes, media finds after Giga Shanghai tour
Chinese motoring outlet Pacific Automotive Network was recently granted limited access to the Phase 2 area of Gigafactory Shanghai, which produces the Model Y. Over the course of its exclusive tour, the media outlet observed several interesting tidbits about the state of the electric car maker’s Model Y production line. One of these is the fact that Giga Shanghai’s Phase 2 zone is already building an average of 700 Model Y per day.
According to the media outlet, the Model Y line in the Shanghai-based plant currently has a converted production cycle of 29 jobs per hour. This means that Tesla China, despite only producing the all-electric crossover for a few months, is already capable of building one Model Y every two minutes. That’s an impressive milestone, especially considering that this translates to an annual run-rate of about 250,000 vehicles.
Local projections for the Model Y line in Giga Shanghai’s Phase 2 zone estimate that the facility would have an annual production capacity of 200,000 vehicles this year. Considering that Tesla is already producing an average of 700 Model Y per day, however, this 200,000-vehicle target may very well be exceeded by the end of the year. Tesla’s Q4 FY 2020 Update Letter also estimated Giga Shanghai to produce a total of 450,000 Model 3 and Model Y this year, a number that seems conservative considering the current pace of the all-electric crossover’s manufacturing ramp.
Apart from its observations about the Model Y’s output, PC Auto also shared several insights and observations from Gigafactory Shanghai’s Phase 2 zone. These include Tesla’s use of a two-story layout for the vehicle’s production line, which enables a seamless assembly of the vehicle. Also notable were the cleverly-placed logistics doors on the side of the Phase 2 building, which allows parts and components to be taken to the production line directly after they are delivered. Interestingly enough, the entire complex was also observed to be immaculately clean and tidy, which the motoring outlet noted is quite rare to see in a vehicle manufacturing plant.
Of course, no trip to a Model Y production line would be complete without a look at the Giga Press, which produces the all-electric crossover’s single-piece rear underbody. The motoring news outlet highlighted that Tesla is pretty much the only company that uses such massive machines, which make the production of the Model Y simpler. This simple assembly process carries over to the Model Y’s wiring as well, which is already far shorter than the 1.5 km of wiring used in the Model 3 at just about 100 meters.
Ultimately, the rare visit to Giga Shanghai’s Model Y facility proved one thing: Tesla’s electric car factories definitely follow their own rhythm. Very little of the Phase 2 building could be considered similar to the factories of traditional automakers, while the majority of the operations in the area are specifically-designed for the company’s vehicles. This emphasis on simplicity and efficiency is evident throughout the entire complex, from the number of components in the Model Y to the design of the production line itself.
Check out PC Auto’s full account of its Giga Shanghai visit here.
Don’t hesitate to contact us for news tips. Just send a message to tips@teslarati.com to give us a heads up.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
News
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
