Tesla is in the process of massively expanding the company’s vehicle production capacity. According to the EV maker’s Battery Day event, Tesla plans to produce 20 million vehicles a year by 2030.

This will make Tesla by far the biggest automaker in the world producing twice as many vehicles as the current number 1 auto OEM, Volkswagen, which produces 10 million vehicles a year.

To achieve this lofty goal, Tesla has been expanding its production capacity all around the world. Recently, Tesla has started vehicle production at a new factory in Brandenburg, Germany. And just this week the EV maker delivered the first 30 Model Y.s produced at Giga Berlin.

Related news: Elon Musk Announces New Paint Colors With 8 and 13 layers For Tesla Model Ys Made In Giga Berlin

Tesla is also finishing up work at its massive mile-long gigafactory in Austin Texas. Currently, Tesla is building a grand lobby for the factory opening event on April 7 and a truck has been spotted loaded with Model Ys leaving the factory.

In addition to this, Tesla is also increasing production capacity by as much as 50% at its Fremont California plant and is in preparation to launch a new China-designed vehicle at its Shanghai gigafactory.

All this new production capacity is expected to significantly grow the EV maker’s annual vehicle output. And now Daniel Ives who is a Managing Director and Senior Equity Research Analyst covering the Technology sector at Wedbush Securities has put forward his Tesla production capacity growth expectation for 2022.

Ives believes Tesla can finish the year with an annual production run rate of 2 million vehicles a year. In comparison, in 2021, Tesla produced 930,000 vehicles and ended the year with a production run rate of 1.22 million vehicles a year.

Ives’ prediction puts Tesla’s growth in 2022 at a whopping 64% year over year. Ives says his bullish prediction is based on his analysis of Tesla’s Q1 2022 vehicle deliveries where he expects the EV maker to deliver 15 percent more vehicles than the Wall Street consensus. Ives notes particularly strong performance for Tesla in China and Europe.

Source: Re-posted and Summarized from Tinsae Aregay at torquenews.

My Take: 2 million vehicle run rate by end of 2022 sounds good. I still think they can produce around 1.5 to 1.7 million vehicles this year.

Re Posted From: Tesla Can Reach 2 Million Vehicle Run Rate In 2022

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Tesla is in the process of massively expanding the company’s vehicle production capacity. According to the EV maker’s Battery Day event, Tesla plans to produce 20 million vehicles a year by 2030.

This will make Tesla by far the biggest automaker in the world producing twice as many vehicles as the current number 1 auto OEM, Volkswagen, which produces 10 million vehicles a year.

To achieve this lofty goal, Tesla has been expanding its production capacity all around the world. Recently, Tesla has started vehicle production at a new factory in Brandenburg, Germany. And just this week the EV maker delivered the first 30 Model Y.s produced at Giga Berlin.

Related news: Elon Musk Announces New Paint Colors With 8 and 13 layers For Tesla Model Ys Made In Giga Berlin

Tesla is also finishing up work at its massive mile-long gigafactory in Austin Texas. Currently, Tesla is building a grand lobby for the factory opening event on April 7 and a truck has been spotted loaded with Model Ys leaving the factory.

In addition to this, Tesla is also increasing production capacity by as much as 50% at its Fremont California plant and is in preparation to launch a new China-designed vehicle at its Shanghai gigafactory.

All this new production capacity is expected to significantly grow the EV maker’s annual vehicle output. And now Daniel Ives who is a Managing Director and Senior Equity Research Analyst covering the Technology sector at Wedbush Securities has put forward his Tesla production capacity growth expectation for 2022.

Ives believes Tesla can finish the year with an annual production run rate of 2 million vehicles a year. In comparison, in 2021, Tesla produced 930,000 vehicles and ended the year with a production run rate of 1.22 million vehicles a year.

Ives’ prediction puts Tesla’s growth in 2022 at a whopping 64% year over year. Ives says his bullish prediction is based on his analysis of Tesla’s Q1 2022 vehicle deliveries where he expects the EV maker to deliver 15 percent more vehicles than the Wall Street consensus. Ives notes particularly strong performance for Tesla in China and Europe.

Source: Re-posted and Summarized from Tinsae Aregay at torquenews.

My Take: 2 million vehicle run rate by end of 2022 sounds good. I still think they can produce around 1.5 to 1.7 million vehicles this year.

Re Posted From: Tesla Can Reach 2 Million Vehicle Run Rate In 2022

Auto Helpers