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Tesla tops 10 million cumulative production, but is its growth story over?

Tesla has produced its 10 millionth electric vehicle at its Fremont, California, plant, reaching an eight-digit cumulative output first among EV-only automakers. The milestone ties into CEO Elon Musk’s incentive plan, but the company’s business conditions remain challenging. After a record 1.81 million deliveries in 2023, sales fell in 2024 and again in 2025. The report cites aging models, intensifying competition and consumer backlash over Musk’s political activities.