Electric vehicles (EVs) from Tesla are in extremely high demand, but a new update from the automaker’s Chinese production facility shows that wait times for its signature electric SUV have dropped in recent weeks.
Tesla said it has cut down waiting times for Model Y units to range from four to eight weeks, according to a report from Reuters on Thursday.
Tesla’s Model 3 delivery wait times now range from 12 to 20 weeks, representing a slight upgrade from previous timelines of 8 to 24 weeks. Demand remains high for both the Model Y and Model 3.
Tesla Model Y on Track to Become Best-Selling Vehicle Worldwide: Musk https://t.co/BMl6YTemya
— TeslaNorth.com (@RealTeslaNorth) August 5, 2022
The second half of each quarter is typically when Tesla delivers more of its Shanghai-produced vehicles to customers in China, accounting for the current uptick in deliveries.
The news also comes after Tesla Giga Shanghai completed a production upgrade boosting output by 30 percent. The upgrade is intended to help Tesla’s Shanghai facility produce 1.2 million cars annually.
With the upgrade, Giga Shanghai is aiming for 22,000 Model 3 and Y units total per week. In the past, CEO Elon Musk has cited production as a tougher issue than supply or demand.
Tesla’s Giga Shanghai surpassed a milestone of one million cars produced, and the automaker is planning to export thousands of EVs to Europe over the next few months.
