During Tesla’s record first quarter earnings, the company also provided an update for the “installed annual capacity” of its current factories in California and Shanghai, China.
According to Tesla, its Fremont, California factory can currently produce 100,000 Model S and Model X vehicles, along with 500,000 Model 3 and Model Y vehicles per year.
As for its Gigafactory in Shanghai, Tesla says production for Model 3 and Model Y has now reached 450,000 vehicles per year. If we add up this total, Tesla says it can produce 1,050,000 vehicles per year. Last year, the company produced just under half a million vehicles.
One can only imagine how high this number can go once Gigafactory Austin and Gigafactory Berlin go online later this year.
For its Fremont factory, Tesla said “Model Y production continued to ramp successfully and is approaching full capacity.”
At Gigafactory Austin, in Texas, Tesla says “the factory buildout continues to progress quickly, remaining on track to start production and deliveries late this year. We recently began moving equipment into the building and are in the process of commissioning them in certain areas,” as we’ve seen in recent flyover videos.
As for Gigafactory Shanghai in China, Tesla says the Model Y ramp is “progressing well,” adding “we expect that our Shanghai factory will continue to increase quarterly production output through the year. We recently improved our domestic supply sourcing ratio to over 90%.” The Chinese factory will continue to export cars to Europe and APAC “as planned.
As for the Gigafactory Berlin-Brandenburg in Europe, Tesla says construction is “continuing to move forward, with production and deliveries remaining on track for late 2021.” More machinery continues to be moved into the building and Tesla says “we will continue to increase import volumes to Europe.”
Shares of Tesla are down 2% in after-hours trading, at $738.20 per share as of writing.
