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Elon Musk is a South African-born businessman and the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [417] and $397 billion according to Forbes, [418] primarily from his ownership stakes in Tesla, Inc., and SpaceX.
Robotic manufacturing of the Model S at the Tesla Factory in Fremont, California Tesla, Inc. operates plants worldwide for the manufacture of their products, including electric vehicles, lithium-ion batteries, solar shingles, chargers, automobile parts, manufacturing equipment and tools for its own factories, as well as a lithium ore refinery. The following is a list of current, future and ...
After receiving $800M of orders ($179M PowerWall, $625M PowerPack) within 1 week of unveiling, Musk estimated that the Gigafactory 1 is not enough to supply demand. [105] In May 2017 at a TED Talk, Elon Musk stated his intention to announce three or four new Gigafactory sites to manufacture both batteries and complete cars. [106]
While Musk wants to make more affordable EVs, consumers have plenty of love for Tesla’s current lineup. In 2022, the company delivered 1,313,851 EVs , representing a 40% increase year over year ...
Having its own battery is integral to Tesla's plan to produce way more than the expected 500,000 Tesla vehicles this year. Musk said he wants to eventually make 20 million vehicles a year.
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In December 2021, Elon Musk estimated that Giga Texas will require a total investment of at least $10B and may employ as many as 20,000 employees within the company. [34] In early 2022 Tesla battery suppliers CATL and Panasonic were reportedly scouting sites for battery factories in North America, including Kansas, Oklahoma, Mexico and Canada.
The facility and its Brandenburg location were announced by Tesla CEO Elon Musk on November 12, 2019, at the Das Goldene Lenkrad award show. The factory was planned to produce batteries, battery packs and powertrains for use in Tesla vehicles, and also assemble the Tesla Model Y, with a proposed start of production in 2021.