Elon Musk has an ambitious goal for 2030 for Tesla. He wants the US automaker to be producing 20 million vehicles a year by the end of 2030. For some context, Tesla's current production and
Elon Musk has an ambitious goal for 2030 for Tesla. He wants the US automaker to be producing 20 million vehicles a year by the end of 2030.
For some context, Tesla’s current production and delivery rate is just above a million cars a year. Zooming out and looking at the overall auto market, the top selling automaker in the world last year was Toyota, with 9,562,483 sales. Zooming out even a bit further, pre-pandemic, in 2019, the top selling automaker in the world was Volkswagen Group, with 10,975,352 sales. So, Elon Musk’s goal of 20 million vehicles a year is … well, ambitious may be an understatement.
Tesla relied on that Fremont factory for years in order to get off the ground financially in a sustainable way. Then, once the opportunity arose and Tesla had started true automobile mass production, it quickly built and opened up a factory in Shanghai, China. It’s those two factories together that brought Tesla to a manufacturing run rate of a million cars a year.
The big milestone of the month at “Giga Texas” is that it just recently rolled out its 10,000th vehicle.
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