Tesla Gigafactory Shanghai Reaches 8,000 Vehicle / Week Production

At just under half a million vehicles in 2020, Tesla has achieved its self-imposed target, presenting an average production growth of 59 percent per year since 2013. Now, Chinese securities firm Industrial Securities reports that the Gigafactory in Shanghai reached a production volume of 8,000 vehicles per week for the first time this week and is expected to ramp it up to as many as 15,000 per week by the end of the year. This would mean more than 500,000 vehicles targeted for 2021 alone.

Adding the Fremont Factory capacity and a possible start of production in Berlin Grünheide and Austin in Texas, it can be extrapolated that Tesla will produce around 800,000 to 900,000 vehicles worldwide in 2021, an increase of at least 60 percent.

According to a study by Industrial Securities in China, Giga Shanghai has reached a production capacity of 8,000 units/week (5,000 Model 3, 3,000 Model Y) & is estimated to make 523,000 units for 2021 (278,000 Model 3, 245,000 Model Y), including 100,000 units for export. 8,000 is the initial capacity which will be scaled up to 12,000 to 13,000 per week in mid 2021 and up to 15,000 per week at the end of year.

This could prove the growth forecasts for 2021 to be correct, which continue to follow an exponential course.

Tesla sales number projection with 59% growth per year until 2025

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This article was also posted in German.

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