City
Epaper

Musk hints at new Tesla Gigafactory, denies location is in Russia

By IANS | Updated: September 21, 2021 18:20 IST

San Francisco, Sep 21 Tesla CEO Elon Musk denied rumours that the electric vehicle company has selected a ...

Open in App

San Francisco, Sep 21 Tesla CEO Elon Musk denied rumours that the electric vehicle company has selected a Russian city as its next location for a new Gigafactory.

In the process, Musk hinted that Tesla is on the hunt for a new location, reports Electrek.

In Russia, local media reported that Musk has decided to build Tesla's next factory in Korolev, but the CEO denied the rumour in a comment on Twitter.

"Tesla has not yet decided on a fourth Gigafactory location," Musk wrote.

Tesla is currently in the process of starting production at two new massive factories, Gigafactory Berlin and Gigafactory Texas. These two factories are expected to more than double Tesla's production capacity.

They are also the first EV factories that Tesla has built from the ground up learning from its first experience at Gigafactory Shanghai, the report said.

With these three Gigafactories, Tesla would already have more electric vehicle production capacity than any other automaker, it added.

There have also been rumours that Tesla would build a second Gigafactory in Europe and the same rumours have been going on in Asia.

This month, a report said that Tesla is expected to reach 1.3 million deliveries in 2022.

Analyst Dan Ives from Wedbush Securities had said that he expects Tesla to deliver 900,000 vehicles this year and grow to 1.3 million vehicles in 2022.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic FutureDan ivesSan FranciscoTwitterBerlinSan francisco bayTwitter twitterTwitter sevaTwitter cmoTwitter inc.Twitter inc
Open in App

Related Stories

TechnologyLinda Yaccarino Steps Down as CEO of X After Two Years

Other SportsMahindra Racing Confirms Kush Maini for Formula E Rookie Outing in Berlin

EntertainmentSquid Game Season 3 X (Twitter) Review: Netizens Call It the Darkest and Most Emotional Chapter

NationalAir India Flight From San Francisco to Mumbai Suffers Technical Snag; Passengers Deplaned at Kolkata Airport (Watch Videos)

MumbaiMumbai: Woman Who Helped Nab Dawood Ibrahim's Aide Falls Victim to Cyber Fraud, Loses Rs 23 Lakh

Technology Realted Stories

TechnologyCentre-State partnership must to attract investment and industrialisation: Top official

TechnologyFPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane

TechnologyTraders should wait and watch as derivatives data show indecisiveness

TechnologyForeign buying of S. Korean stocks hits 17-month high in July

TechnologyGoogle says reviewing CCI order over alleged AdTech market dominance