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Musk Wants to Open More Car, Battery Plans

Looking at “two or three” Gigafactories in U.S. alone.

by on Jul.17, 2017

A new Model 3 in front of Tesla's Fremont, CA plant.

The coming months will be the real test for Tesla. With the launch of the new Model 3 we’ll soon discover whether this money-losing niche player can transform itself into an immensely profitable, mainstream automaker.

No surprise, CEO Elon Musk is already looking at what will have to happen as Tesla grows, and grows fast, 2018 volume forecast to hit 500,000 battery-electric vehicles, or six times the company’s 2016 volume. To keep up with anticipated demand, especially with even more products in the pipeline, Tesla is laying plans for a network of new car and battery plants.

Breaking News!

If Tesla hits its target with the Model 3, the company’s Fremont, California assembly plant will be “bursting at the seams,” Musk recently told shareholders. He has been dropping plenty of hints on what will follow, and that is likely to include at least one more assembly plant in the U.S., as well as one in China, while we could see as many as 20 new Gigafactory battery plants.

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