Elon Musk and Tesla have set a goal of producing 20 million electric cars by 2030.
The Austin, Texas-based EV maker produced a record 1.37 million EVs in 2022, so it has some work to do to reach that goal.
Tesla’s (TSLA) – Get Free Report The company’s assembly plants in Austin and Fremont, Calif. currently have a combined capacity of 900,000 units. The company’s Shanghai factory has a capacity of 750,000 units, and the German factory has a capacity of 250,000 units.
In January 2022, Musk said on Tesla’s fourth quarter 2021 earnings call that the company will consider potential new factory sites in 2022 and may announce its decision by the end of the year. rice field. Then, in August 2022, he said Musk hopes to officially announce the location of the company’s new Gigafactory in late 2023.
More Tesla semi-manufacturing
The company has decided to build a $3.6 billion battery and Tesla Semi truck manufacturing plant in northern Nevada, the Las Vegas Review-Journal said the White House confirmed Jan. 24.
The EV maker already operates a gigafactory in Story County, Nevada, where it manufactures lithium-ion batteries and other EV components. The new factory will add capacity for the PepsiCo-owned Tesla Semi. was purchased for a delivery vehicle.
The Biden administration, which has emphasized infrastructure investment in its first two years in office, said the proposed development was a success in America’s “manufacturing boom” under Biden, according to the Review-Journal. said.
As part of the Infly initiative, the Biden administration last fall provided two grants for the processing and manufacturing of battery materials in Nevada.