Elon Musk Teases Plans For Another Tesla Gigafactory But Says EV Maker Hasn't Zeroed In On Russia_老虎社区_美港股上老虎

Elon Musk Teases Plans For Another Tesla Gigafactory But Says EV Maker Hasn't Zeroed In On Russia

Benzinga2021-09-21

Tesla Inc CEO Elon Musk said on Monday the electric vehicle maker hasn't yet decided on the fourth Gigafactory location.

What Happened:Musk took to Twitter to respond to a fan query citing a report that Tesla is planning to build a Giga factory in Russia.

The report citing unnamed government sources claimed Tesla has chosen Korolev, Russia as its next Gigafactory location.

The billionaire entrepreneur seemed to suggest Tesla is exploring options for its next gigafactory but dismissed the idea of having finalized Russia as the location.

Why It Matters:The Palo Alto, California-based Tesla has ambitious expansion plans and is known to be scouting for a location for its next Gigafactory. Musk has in the past said he plans to have one gigafactory in every continent where the company sells its vehicles.

Tesla, which aims to grow its production capacity to one million vehicles a year and about 20 million electric vehicles a year by 2030, has been expanding the company’s production capability. It is building a new Gigafactory in Berlin, Austin Texas, and is expanding production capacity at its Fremont facility as well as the Shanghai Gigafactory.

Price Action:Tesla shares closed 3.86% lower at $730.17 on Monday.

Benzinga's Take:It isn't immediately clear what Musk means by "fourth" gigafactory location. Tesla currently has five gigafactories announced — New York, Nevada, Shanghai, Berlin and Texas, the latter two being under construction. The ones in Nevada, Shanghai, Berlin and Texas were or are being built from the ground up.

It's possible that either Musk misspoke or he meant to say "country," instead of "location."

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124

ykang
·2021-09-21
Go go go
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Frosty4ever
·2021-09-21
IMHO they should choose a location where they can deliver to new markets not served by current gigafactories.
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Alvin1975
·2021-09-21
Like ple
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- Alvin1975:
  Lije pls
  2021-09-21
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KYHBKO
·2021-09-21
expansion to the various continents are part of their plans. while the locations are unknown, we can expect the volume of Tesla car production to rise till they reach their annual production target of 20 Million by 2030. this will account for over 25% of global sales based on today's figures.nonetheless, the opening of the new Berlin Gigafactory will be exciting for Tesla to be closer to their targeted markets. this will allow Tesla to offer vehicles with lesser lead time to their European customers. $Tesla Motors(TSLA)$remains a hot stock to watch.
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- Al385:
  👍
  2021-09-21
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sQzC
·2021-09-21
Yes, pls like and comment
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- LMC90:
  👍
  2021-09-21
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Annalz
·2021-09-21
Add oil Tesla fly to the space
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MuppyKoh
·2021-09-21
Please like
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Rashamon96
·2021-09-21
Closer to moon
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- Mavfurious:
  Ok
  2021-09-21
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- Minion:
  yes!
  2021-09-21
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- sQzC回复Minion:
  Yes
  2021-09-21
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themonkey
·2021-09-21
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- seanisright:
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  2021-09-21
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  2021-09-21
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foonfoon
·2021-09-21
like
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  2021-09-21
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  2021-09-21
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Ahsiang
·2021-09-21
Omg
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- evepek:
  Why at Russia?
  2021-09-21
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STSL
·2021-09-21
Pls like
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- ashethen:
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  2021-09-21
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SaberTooth
·2021-09-21
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- AxlChoo:
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  2021-09-21
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  2021-09-21
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Elon Musk Teases Plans For Another Tesla Gigafactory But Says EV Maker Hasn't Zeroed In On Russia

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