## Production

Tesla has set a new production record at Giga Shanghai in the month of August according to data from the China Passenger Car Association (CPCA) acquired by Shareloft. After completing production line upgrades in July and early August, Tesla produced a total of 76,605 vehicles in August which was comprised of 19,884 Model 3 and 56,721 Model Y. This production number eclipses Tesla’s previous Shanghai record of 70,928 vehicles produced in June.

Importantly, Tesla’s production was still impacted by downtime on the Model 3 line for the first week of August and the subsequent inefficiencies while re-ramping production. For the remainder of the month, Tesla averaged 5,800 Model 3 per week. Without downtime, Tesla’s Shanghai production rate should easily surpass 80,000 per month, pushing the factory’s annual rate to the 1 million per year level as soon as this month.

## Surpassing Q2

In the first two months of Q3, Tesla’s Giga Shanghai production has already surpassed its total Q2 output. July and August have combined for 115,324 vehicles produced, while total Q2 production was 115,229 according the the CPCA. Both quarters had production impacted by shutdowns — lockdowns in Q2, production upgrades in Q3 — but with an entire month left in Q3, Tesla is positioned to see 50%+ growth in Shanghai production quarter over quarter. Alongside Fremont, Berlin, and Austin’s factories, Tesla should post a worldwide production record for Q3, which would be the first such quarter in 2022 after a headwind-riddled first half.

Shareloft annual members can access detailed quarterly financial forecasts for Tesla through 2030 on the [Research](https://www.shareloft.com/research/) page.

## Sales

The CPCA also reported that Tesla sold 34,502 vehicles in China in August while exporting 42,463 vehicles. The combined figure of 76,965 vehicles, known as "wholesale" sales, falls short of June’s record near 79,000 vehicles. However, with sales on the month closely matching production, Tesla carries forward [10,000 vehicles](https://www.shareloft.com/article/tesla-achieves-record-production-rate-after-shanghai-upgrades/) which were produced but not recognized as sold in July. In the last month of the quarter, Tesla consistently outsells production as they unwind international delivery waves, so the additional vehicles will likely benefit the September sales figure.