I can remember a time when Tesla barely made any cars. That was back in 2010, when it had just taken over a former GM-Toyota plant near San Francisco. The only car for sale was the original Roadster, and just a few thousand had hit the road.
Fast forward to 2019, and Tesla had sold 250,000 vehicles in a single year, with the goal of doubling that total in short order.
The company’s growth is accelerating, but to satisfy demand for new and existing products, and to reach global markets more directly and at lower cost, it’s rapidly expanding its manufacturing capability. Four factories could be six in two years, as plants in Germany and Texas come online.Â
The scale that this expansion provides could enable Tesla to become more solidly profitable. But it could also increase the company’s already huge lead over its EV competition.Â
Here’s a closer look at how all these factories fit into the master plan, which goes beyond just cars: