The electric vehicle automaker wants to produce 20 million cars a year by 2030.
Tesla wants to continue to dominate the auto industry for years to come.
After seeing the rivals approaching, Elon Musk’s group has unleashed an offensive in recent months to repel them.
The Austin, Texas-based automaker has declared a price war on rivals in China and the United States, the world’s two biggest auto markets. Tesla has lowered the prices of all its models, from the popular Model 3 and Model Y to the very luxurious Model X and Model S.
To avoid falling behind entirely, Tesla’s competitors responded by lowering the prices of their cars, sometimes at the risk of undermining their profit margins.
tesla (TSLA) – Get a free reportand its charismatic CEO, Elon Musk, also crushed the competition in terms of production. Last year, the automaker produced 1.37 million vehicles and plans to make 1.8 million units this year.
To achieve this ambitious goal, Tesla has opened at least one factory on the three continents where most car sales are concentrated. In North America, factories in Fremont in California and Austin in Texas. In Asia, a factory in Shanghai, China and in Europe, a factory near Berlin in Germany. The company announced on March 1 that it would open a fifth factory in Mexico.
While waiting for the construction of the new Mexican factory, the German production plant has just taken an important step. You just increased your weekly production.
“Giga Berlin reaches 5,000 builds per week, 1 year after delivering the first vehicles to customers,” the automaker announced on March 25.
This is an important step for this plant that mainly serves the European market. It has a production capacity of 250,000 vehicles a year, according to Tesla. On February 27, the automaker announced that Giga Berlin was now producing 4,000 vehicles per week.
Adding 1,000 vehicles produced per week in less than a month is quite a feat, especially since Giga Berlin is only open five days a week. This represents an increase of 25% in one month.
“Big congratulations to the Tesla Germany team!!” Musk celebrated on March 25.
In Berlin, the factory that began operations on March 22, 2022, Tesla only produces the Model Y SUV.
Shanghai, which has a production capacity of 750,000 vehicles a year, produces the Model Y and the Model 3 sedan, according to its website.
In Austin, which has an annual production capacity of 250,000 vehicles, Tesla builds the Model Y and soon the Cybertruck, its first pickup truck. Fremont produces all Tesla car models with an annual production capacity of 650,000 vehicles.
