Tesla’s current six factories should not last long. After operating a new Gigafactory in Germany and the United States this year, CEO Elon Musk wants to announce the location for the next one before the end of the year, as he said Thursday evening at the company’s annual general meeting in Texas. . He specifically mentioned Canada as a possible location for this. In the long run, however, Tesla also needs ten to twelve gigafactories, said Musk, who presented himself in a good mood at the shareholder meeting (see photo).
Musk concert more than general meeting
Each of them should have a capacity of 1.5-2 million electric cars per year, the Tesla boss continued, without naming a target date. Overall, the company can produce 15 million to 24 million vehicles a year, making it by far the largest manufacturer in the world based on today’s figures. Tesla’s official goal is to produce 20 million electric cars by 2030. At the start of the annual general meeting, board boss Robin Denholm said good progress was being made along the way.
After the event, the head of investor relations wrote that it was more than a general meeting and a rock concert for Tesla supporters. As always, the official part was dealt with quickly. According to preliminary results, shareholders approved an increase in the number of shares in preparation for a further split. However, two Tesla resolutions that would have required a two-thirds majority were not passed: reducing the term of office on the board from three to two years and eliminating special rules for certain votes.
Tesla CEO Musk, as always, was full of optimism, joked and interacted deeply with the audience. After mentioning that there could be another Gigafactory announcement later this year, he asked where it would be built. There was shouting from the crowd in several places, and Musk noted that he often heard Canada. She herself is half-Canadian, she said, “Maybe I should?”. It clearly had no definition. But according to reports, Musk had already confirmed internally in June that another Tesla factory was planned in North America, and named the United States, Canada or Mexico as possible locations. .
Tesla Boss: 12 Factory Will Be Right
So news about this can come soon. But even with six gigafactories (of which only four produce electric cars), Tesla still won’t have enough capacity for its 20 million target. Later in a question-and-answer session at the shareholder meeting, Musk said that the 12 factories, each with 2 million vehicles per year, would be the “right number,” so it seems close to the high end of the range. The CEO described the main plant in Fremont as an outlier. It is not called the Gigafactory because it does not manufacture batteries or integrate them into rechargeable batteries. It can’t go into much detail, but according to Musk it could do at least 800,000 electric cars a year.
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