Despite a sluggish market, Tesla wants to produce 500,000 additional electric cars

Before 2030 and an ambitious goal of producing up to 20 million cars, Tesla must first reverse the trend by relaunching sales of some of its models, and also offering less expensive products.

During the presentation of the financial results for the third quarter of 2024, Elon Musk announced Tesla’s ambitions for 2025: expected growth of 20 to 30%, or around 500,000 more electric vehicles.

This progression is, however, more modest than in past years, where Tesla often achieved growth rates of 50%. This slight deceleration in 2024, which should see production similar to that of 2023, recalls the need for Tesla to define a solid plan to achieve the 20 million vehicles produced by the end of the decade.

An ambitious goal for 2025

Tesla expects 515,000 deliveries for the last quarter of 2024, which would bring the annual total at 1.85 million vehicles. For 2025, the target is between 2.2 and 2.4 million units. This volume is partly based on the current capacities of Tesla Gigafactories around the world. The Fremont factory in the USA has an annual capacity of 100,000 Model S and Model in Berlin, 250,000 Model Ys in Austin and 125,000 Cybertrucks.
One of the keys to this growth lies in the arrival of new affordable models in 2025. well that the famous “Model 2” at 25,000 euros is not yet planned in the short termElon Musk revealed that two new versions of the Model 3 and Model Y, based on an advanced and more economical platform, are in preparation. These less expensive entry-level models should help attract new customer segments while increasing production volumes.
At the same time, the ramp-up in production of the Cybertruck and the arrival of a renewed version of the Model YTesla’s flagship model, should also promote increased sales for the year 2025.

The expansion of the Gigafactory in Texas

To support this increase in production, Tesla invests in expanding its factoriesparticularly that of Austin, Texas. Already one of the largest in the world, the Texas Gigafactory is expected to double in size and include production lines dedicated to future, more accessible vehicles. This expansion is crucial to supporting production of the new models and the Cybercab, an upcoming model that will also be produced in Austin and Shanghai.

The Austin factory could thus become the nerve center of Tesla’s strategy, welcoming new production lines while consolidating the capabilities of the Model Y and Cybertruck.

Source: www.autoplus.fr