Elon Musk announced that Tesla Fremont’s 2 millionth electric vehicle was produced with the assistance of Gigafactory Nevada.
Before they sold the plant to Tesla, it was owned by GM and Toyota. The terms of the deal meant that Toyota had invested $50 million in Tesla and that the latter would have returned $42 million. Tesla couldn’t back out. The plant was given to Tesla along with the $8 million required to invest in it.
Tesla was able to increase electric vehicle production at its plant that produces the entire Model 3 line: the Model Y, Model S and Model X. The Tesla Fremont Factory was the most productive US auto plant earlier this year. In June, it was revealed that Tesla now makes more cars at its Fremont facility than the GM and Toyota did.
Musk also congratulated Gigafactory Nevada for assembling cars but it wouldn’t have the ability to produce as many electric cars without the Nevada plant’s supply of drives, batteries and other supplies.
Tesla made recent investments in increasing its plant’s production. The company expects to update its production numbers to reflect earnings results.