The employment gains were reported to Travis County while the production milestone was celebrated in a tweet. CEO Elon Musk says the Cybertruck production line is progressing, too.
on Sunday said it produced more vehicles in total than it sold during the first quarter
In a note to investors, Jefferies analyst Philippe Houchois wrote that Tesla’s “excess production over deliveries” will keep the debate going. The electric-vehicle company reported a workforce of 12,277 in the Austin area at the end of 2022, up from just 3,523 contingent and permanent employees in 2021. It said just more than half of its workers resided in the county and the average full-time employee was paid at least $47,147 last year.
It planned to make Model Ys at the plant using the 4680 lithium-ion cells, which it markets as packing more power at a lower cost. It’s used older 2170 cells as production problems dogged the newer units.
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