Tesla Doubles Production

The turning point for Tesla, in my opinion, was the construction of the Chinese Gigafactory. The market was caught off guard because in less than a year, Tesla doubled their production capacity, going from one to two factories. It also helped that China was a massive growth market for Tesla.

Last year Chinese drivers bought a record 2.9 million electric vehicles, double the number from a year before. Of that, Tesla managed to sell 473 078. In December alone they sold 70 847 cars in China, triple the number sold in December 2020.

Tesla is about to double its production capacity again, with new Berlin and Texas Gigafactories coming online. The Berlin plant is apparently ready for production, it is just waiting for some regulatory approvals. In Texas, Tesla planned to complete factory construction on 31 December and unofficial reports say that production will start to scale up during January. A few months here or there doesn't matter much.

Elon and his team have done an amazing job, relentlessly growing Tesla's production capacity.