At the investor event, Elon Musk was expected to talk about how Tesla plans to halve the cost of Model 3 and Model Y electric vehicles compared to current levels. But this was not discussed. But Tesla representatives spoke a little about plans to increase production volumes.

What is known

Talk that the American company hopes to produce 20 million electric cars annually has been going on for more than a month. Tesla wants to reach this level by 2030, while in 2022 less than 1.4 million vehicles rolled off the assembly line, and about $1.3 million cars were sold. The leader at the moment is Toyota, which sold 10.5 million vehicles.

It took 12 years to produce 1 million Tesla electric cars, only 1.5 years for the second million, 11 months for the third, and 7 months for the fourth. In the future, Elon Musk’s company wants to build new factories and increase the productivity of existing enterprises.

At the event for investors, the new platform was again mentioned, but the company did not disclose any details on this matter. But Musk stressed that the new platform will be the basis for more than one electric vehicle. At the same time, to achieve the goal of 20 million cars a year, the company will have to more than double the range of models, at least up to ten.

In addition, Tesla will have to significantly increase investment in production. In order for 20 million electric vehicles a year to roll off the assembly line by 2030, the company must invest $ 175 billion. This is 6 times more than Tesla has spent all the time.

Source: Tesla