Tesla Inc. (TSLA) has just updated the status of its Megafactory in Lathrop, California. The video Tesla has posted on its official Twitter and Instagram account shows actual production is taking place at this factory. We reported the groundbreaking ceremony of the Tesla Megafactory in September 2021. And it took just around 1 year for […]
Tesla to Boost Fremont Production with Help from Shanghai
Recent production upgrades to Tesla’s Gigafactory Shanghai have boosted the company’s weekly output in China, and now the automaker may be looking to draw on this expertise for its U.S. plant in California. After Tesla’s record delivery month in China just a few months ago, the help is expected to boost the Fremont plant’s production […]
Tesla To Build 10–12 Gigafactories — Progressing Faster Than Most Expected Possible
Tesla continues to rapidly expand throughout the world, and despite two new gigafactories having opened earlier this year (in Germany and Texas), the automaker’s already looking at where to build next. In the long term, it’s difficult to predict how many production facilities Tesla could build, but CEO Elon Musk has his sights set on […]
Top Takeaways From Tesla’s 2022 Annual Stockholder Meeting
Tesla held its annual meeting of stockholders at its Austin, Texas factory on Thursday. The meeting invited shareholders to join in person, in addition to over 300,000 viewers who watched the event virtually. The meeting addressed 13 proposals, five of which were introduced by the board of directors — and one of which included Tesla’s recent plans […]
Tesla Operating Margin #1 In Industry
One of the highlights of the annual Tesla shareholder meeting held earlier today was a graph showing that Tesla has risen to #1 in the auto industry in terms of operating margin. Luxury car companies known for their solid operating margins and gross profits are solid steps below Tesla now. The brand with the second […]