![]() ![]() That would be below the record-setting total of 310,048 vehicle deliveries in the first quarter. According to the Reuters news service, analysts predict Tesla will report second-quarter deliveries of 295,078 vehicles. The proposed expansion comes as overall production at Tesla’s plants has tapered off. Of course, that’s a rough estimate, and construction costs have gone up since the existing factory was finished. If you apply that figure to the proposed expansion, it would cost nearly $124 million. Paperwork filed last year with the Texas Department of Licensing and Registration identified $1.06 billion in construction expenses for nearly 4.3 million square feet of space. But we can get an idea by looking at how much the factory cost to build. The Tesla permit doesn’t indicate how much the expansion will cost. ![]() In April, Tesla co-founder and CEO Elon Musk hosted an invitation-only grand opening bash at the factory. Production at the plant began late last year. The 500,000-square-foot expansion, first reported by Tesla watcher Sawyer Merritt, would grow the size of the factory by more than 11 percent. Currently, Tesla produces Model Y vehicles at the 2,500-acre site, which is along State Highway 130 near State Highway 71 East. In December, Tesla began delivering Model 3 models made at the Shanghai factory and said he planned to produce 150000 Model 3 cars at the plant this year.Less than a year after Tesla opened its factory in Texas, the maker of electric vehicles is already plotting an expansion.Ī permit application filed June 29 with the City of Austin and approved July 1 shows Austin-based Tesla plans to build a two-floor, 500,000-square-foot space to enlarge its General Assembly 2 and General Assembly 3 operations. In order to meet the target of 500000 vehicles, Tesla will have to deliver 182000 vehicles in the fourth quarter.Īt present, Tesla's delivery efforts are supported by the Shanghai Super Factory. However, the company's share price fell as some analysts questioned Tesla's ability to meet his ambitious annual targets. Last week, Tesla announced that the company delivered a total of 139300 cars in the third quarter, an all-time high. Musk sends emails to employees every quarter, encouraging them to hint at production targets and potential new records. This kind of email is very common in Tesla. Please take whatever measures you can think of to increase the output (and improve the quality at the same time). "it will depend on the delivery results in the fourth quarter," Musk said in an email to employees. Despite the novel coronavirus outbreak, the company has not changed this forecast. Tesla said in January that the company would easily deliver more than 500000 new cars in 2020. Tesla's annual production capacity (Photo Source:: FT)) Tesla shares rose 3.6 per cent to $428.86 on the news. According to investor data updated by Tesla in the second quarter, Tesla currently has a production capacity of 690000 vehicles, so the annual production of 500000 vehicles means that its capacity utilization is 72 per cent. SMM: according to an internal email, Tesla CEO Elon Musk told employees that the company is still expected to produce 500000 cars this year. ![]()
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