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TESLA plans to increase production capacity
TESLA plans to increase production capacity ;For the first time in its 17-year history, Tesla has made a profit for four consecutive quarters
Yazar: Zack Smith
Yayınlanma: 23 Temmuz 2020 11:57
Güncellenme: 19 Kasım 2024 09:59
TESLA plans to increase production capacity
For the first time in its 17-year history, Tesla has made a profit for four consecutive quarters. While other car manufacturers are badly hit by the decline in demand, the e-car pioneer urgently needs new production capacity.
The US electric car maker Tesla achieved a further quarterly profit despite the negative effects of the corona pandemic. The bottom line was a surplus of $ 104 million (90 million euros) in the three months to the end of June, as announced by tech billionaire Elon Musk's company after the US market closed in Palo Alto. There had been a high loss in the previous year.
Despite the uncertainty surrounding the renewed corona escalation in the United States; Tesla continues to pursue its ambitious goal of delivering over 500,000 cars in 2020. The capacity is available, but it is difficult to foresee whether there will be further production disruptions. The annual forecast can therefore be adjusted if necessary.
In a conference call after the balance sheet, Musk also confirmed that Tesla's second US auto plant will be built next to the main plant in Fremont, California, Texas, near the city of Austin. "We're going to build a stunning factory right on the Colorado River," Musk said. The construction of Tesla's first European plant in Grünheide near Berlin is also progressing very well.
The fact that the pioneer of the electric car from Silicon Valley; the stronghold of technology; is better able to cope with the corona pandemic than the competition has already been shown by the delivery figures for the second quarter published at the beginning of July. While the car market had to cope with a sharp drop in sales overall; thanks to the strong demand for its 3 and Y models; Tesla's customer base of just under 91,000 vehicles was just five percent less than in the same period last year.
It was already foreseeable in June that Texas would be awarded the contract to choose the location for Tesla's second US auto plant when the local traveller, Travis County, published concrete plans for the construction. The investment volume will, according to the information, amount to over one billion dollars, around 5000 jobs will be created. Now Musk revealed that in addition to Model 3 and Model Y, the electric pick-up Cybertruck and the semi-trailer are to be manufactured there.
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