Tesla has now built 1 million cars

Elon Musk announced the milestone on Twitter Monday with a photo of the red Tesla Model Y exiting the automaker's famous tented production line at its Fremont, Calif., facility.

If the company goes ahead with the new plants, it will take the number of factories Tesla has to seven.

Starting with the expensive Roadster and then the Model S, Tesla's plan to fund their research and development through margins seems to have worked as their mass product, the Model 3, their most affordable vehicle yet has been the bestselling electric auto for quite some time now.

With market analysts such as CNBC's Jim Cramer pointing to an imminent recession, the big question for Tesla investors and watchers is will the pioneering EV maker still be able to achieve its goal of rolling out 500,000 electric cars a year in 2020?

Facebook is buying another virtual reality game studio
This essentially means that Sony will have to find another developer if it wants to continue the much-loved platforming franchise. Is everyone at Sanzaru moving over to Facebook? Facebook is most likely going to acquire more VR studios in the future.

Tesla's Gigafactory stands in Shanghai on December 30, 2019.

The Cybertruck was unveiled earlier this year amid much fanfare; Tesla took more than 100,000 orders within the first few days even though one of the stunts on stage backfired when Musk broke the side glass with a blunt object, rather than demonstrating its strength.

Tesla's production and delivery plans in Shanghai have been disrupted by a coronavirus outbreak that has killed more than 3,100 people in the world's second-largest economy. Some buyers have said on Chinese social media that the control units in their cars run on HW2.5 chips, which are less advanced than the HW3.0 chips listed on the spec sheet.

  • Michelle Webb