Tesla has quietly passed a major production landmark, announcing early Thursday it built its 10 millionth electric vehicle. The achievement arrives six years after the company reached its first million. Main Developments The milestone was disclosed via a social media post, marking a steady climb from 1 million vehicles in 2018 to 10 million today. This puts Tesla halfway toward one of four core targets tied to CEO Elon Musk's $1 trillion pay package, approved by shareholders last year. Read also: 3 Ways AI Is Accelerating Meta's App Development Pipeline Background Musk's compensation plan requires Tesla to build 20 million vehicles by 2035, alongside 10 million active Full Self-Driving subscriptions, 1 million bots, and 1 million robotaxis on the road. The 10 million vehicle milestone was the easiest target so far, as Tesla has ramped production across its global factories. Why It Matters Crossing 10 million EVs solidifies Tesla's dominance in electric vehicle manufacturing, but the remaining goals—especially FSD adoption and robotaxi deployment—remain far more uncertain. Each target unlocks additional value from Musk's pay package, tying his compensation directly to ambitious product milestones. What's Next Tesla must now double its production rate to reach 20 million vehicles in roughly a decade, while simultaneously scaling FSD subscriptions, humanoid robots, and autonomous taxis. Meeting all four conditions by 2035 is required to fully vest the compensation plan.