In a recent announcement, Elon Musk indicated that Tesla plans to double its production capacity within the United States. Currently, the company produces approximately 1 million vehicles annually, and with this ambitious move, production could soar to 2 million units by 2025. Musk emphasized the importance of scaling up manufacturing to meet the surging demand for electric vehicles, highlighting plans for increased staffing and expanded factory operations.
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Musk's strategy includes investments estimated at $5 billion to enhance the existing facilities and potentially establish new production plants. The expansion would not only create tens of thousands of new jobs in the U.S. but also solidify Tesla's position in a rapidly growing EV market, where competition is intensifying from both traditional automakers and new entrants. Critical timelines have been outlined, with significant upgrades to be completed by early 2025, aiming for a milestone of 200,000 units produced per quarter during the ramp-up phase.
Source: electrek
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