Tesla's production levels have been closely monitored due to its significant impact on the electric vehicle market. In the first quarter of 2024, Tesla's production decreased by 12.4% quarter-on-quarter and 1.7% year-on-year. The company produced 433,371 vehicles in Q1 2024, with a total of 5,275,517 Tesla models produced over the past six years. Tesla's production capacity is seen as crucial to its success, with the company aiming to expand its manufacturing facilities and achieve volume production despite challenges such as chip shortages and supply chain bottlenecks.