Tesla plans to boost the production of its most sold electric vehicles, Model Y and Model 3 in the fourth quarter, and to consolidate the increase in production in 2023 at the expense of new businesses in Austin.
If the company succeeds in achieving its objectives, it will be close to the German autogiant BMW. Tesla Ilon Mask, head of the company, has repeatedly spoken of plans to increase production significantly, but the company has not always been able to do so: in April, he planned to increase production by 60 per cent in 2022 compared to 2021, but by July, the forecast had to be reduced to 50 per cent.
Tesla is still able to maintain an ambitious schedule, despite the disruption of suppliers, negative macroeconomic factors, and growing competition. Now it's only in the fourth quarter to produce 495,000 units of Model Y and Model 3, which account for 95% of all brand sales, and not to slow down the pace in the next four quarters. This means that Tesla will almost 10 times the projected growth rate of the world car market, increasing production by 50%. Information on the company's intentions for Model Y and Model 3 confirmed, anonymously, two sources of Reuters.
Tesla ' s output expansion was not cheap: in June, Mask said that the company was losing billions of dollars in new factories in Texas and Germany. Tesla ' s report on the volume of deliveries and production in the third quarter is already expected today, with the manufacturer projected to release 1.59 million Model Y and Model 3, and to sell more than 2.1 million electric vehicles by the end of the next year, more than Audi produced, and slightly less than BMW sales in 2021.
In the last quarter, Ilon Mask stated that Tesla had a "good chance" of producing 400,000 cars every week around the world by the end of 2022 and keeping that pace in the first quarter of next year. In addition to the Austin and Berlin industries, the company had a factory in Shanghai, which accounted for almost half of Tesla's total production in the first half of the year, which had recently been upgraded, and until the end of the year the plant would reach 20,500 cars a week.
However, the company cannot exist in isolation from the global economy, which, alas, is not happy with the optimistic performance: global growth is slowing down, and China, which has become the largest electric car market, is being actively developed by Tesla's competitors. There are also some concerns about the plant in Germany – a lack of natural gas – that may result in a shortage of electricity; and Ilon Musk himself, in June, said that he has a "very bad feeling" about the economy.