500,000 Electric Cars in a Suburb of Berlin

Tesla’s new plant capacity

In 2020, the construction of the new Tesla plant will begin, which was announced by Elon Musk last month. The company will produce Model Y and Model 3 vehicles at the facility.

Bild newspaper reported yesterday that the company plans to produce about 500,000 electric car units per year, which will significantly improve Tesla’s position in the industry.

On December 6, Morgan Stanley Investment Bank raised its growth forecast to $500 per share, indicating a potential strengthening of more than 43%.

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