Tesla’s wholly-owned super factory is to keep expanding its production capacity in the future, said the US-based e-car manufacturer.
On October 21, Tesla released its Q3 2021 earnings report, which states the quarter’s total revenue of USD 13.76 billion, an increase of 57% over the same quarter last year, despite various challenges such as semiconductor shortages, port congestion and repeated power outages that have affected Tesla's ability to keep its factories running at full speed.
Tesla also expects to achieve 50% average annual growth in vehicle deliveries over a multi-year horizon, while the annual growth depends on factors like equipment capacity, operational efficiency, and supply chain capacity and stability.
In Fremont, California, the number of cars the company has manufactured over the past 12 months has surpassed that of the same period of previous years, and it is still expanding its capacity for Tesla Giga Shanghai, Texas and Berlin.
Over the third quarter of this year, China has been seen as Tesla’s main export center. Since late 2019, its production capacity in China has been significantly increased and is currently being optimized for further improvement.
The company also revealed that it plans to convert the global standard endurance electric vehicle to LFP battery.