Tesla recently started production at its German Gigafactory.
By: HT Auto Desk
| Updated on: March 27, 2022 11:15 am
File photo of parked Tesla EVs. (Image is for representation purposes.) (REUTERS)
Tesla CEO Elon Musk said he wants Tesla to strengthen its position as the world’s leading EV leader, so the brand is striving to sell more EVs than before. Tesla is expanding by building more manufacturing facilities around the world and plans to build more as well. The electric vehicle company has set a goal of selling around 20 million electric vehicles per year by 2030.
Tesla currently operates 16 manufacturing facilities worldwide that produce either electric vehicles or parts thereof. The EV company recently delivered its first electric vehicles – Model Y Performance trim – which will be manufactured at its German Gigafactory. Tesla invested 5 billion euros in this production unit and set up its first plant on the European continent. At full capacity, the company plans to build around five lakh electric vehicles annually at this factory.
(Also read | Tesla electric vehicles get two new paint colors in the Berlin Gigafactory)
Last year, Tesla sold nearly a million EVs, an increase of almost 90 percent year-on-year compared to 2020, when it sold less than five lakh EVs. In 2019, Tesla delivered 3,67,500 electric vehicles. Now, with a goal of 20 million sales a year, Musk reportedly said the company could make 20 million electric vehicles in 10 years. “And that would be a good number because there are 2 billion cars and trucks in the world that are actively used, so 20 million would then be 1 percent of the global fleet per year,” he was quoted as saying in an Automotive News report.
(Also read | Tesla aims to complete Cybertruck development this year for production in 2023)
Tesla is also preparing to open its Gigafactory in Texas on April 7th. Musk plans to invite around 15,000 people to the opening of the factory. The Texas Gigafactory spans 2,000 acres and will also serve as the company’s new headquarters.
Initial Release Date: March 27, 2022 11:15 AM IST