City
Epaper

Tesla to build 10-12 gigafactories in years to come: Musk

By IANS | Updated: August 5, 2022 11:05 IST

San Francisco, Aug 5 Tech billionaire Elon Musk has hinted that Tesla would probably build "at least 10 ...

Open in App

San Francisco, Aug 5 Tech billionaire Elon Musk has hinted that Tesla would probably build "at least 10 or 12 gigafactories" in years to come, teasing another gigafactory location to be chosen later this year.

At its annual shareholder meeting called 'Cyber Roundup' late on Thursday, Musk reiterated the growth of Tesla's advanced driver assistance system called full self-driving (FSD) beta, reports TechCrunch.

"We're now at over 40 million miles and I suspect by this year we're gonna have well over 100 million miles," said Musk.

"And we're still tracking very much to have widespread deployment of FSD beta this year in North America," he added.

Tesla will soon allow non-Tesla EVs to use its charging network.

Musk said that the long-awaited Cybertruck (announced in 2019) will also be unveiled soon, though he did not give any further details.

Last month, he said Tesla is hoping to start delivering the Cybertruck in the middle of next year.

The Tesla CEO said that the company aims to hit a 2 million car run rate by the end of this year.

At the event, Tesla shareholders approved the three-for-one stock split, which will bring the company's shares down to the $300 range.

Tesla reported $16.93 billion in revenue in Q2 and automotive made $14.6 billion of the total sales.

In an earnings call, Musk said that Tesla's new factory outside of Berlin crossed 1,000 cars per week in June.

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: Indian Super LeagueSan FranciscoBerlinTechSan francisco bayElon muskJose d'saMusk on twitterCeo elon musk
Open in App

Related Stories

TechnologyTop 5 Smartphones of 2025: From Google Pixel 10 Pro to iPhone 17 Pro Max

TechnologyFrom H-1B Visas to AI: Key Highlights from Elon Musk and Nikhil Kamath Podcast

TechnologyLaptop Care Tips: Why You Should Never Use Your Laptop on a Bed or Pillow

LifestyleWinter Alert: Rising Cases of Geyser Explosions — Know the Safety Rules Before You Switch It On

InternationalTrump’s Dinner: From Cristiano Ronaldo to Elon Musk; Here's Who Joined Saudi Crown Prince at White House

Technology Realted Stories

TechnologyIBM to skill 5 million Indian youths in AI, cybersecurity and quantum by 2030

TechnologyAIIMS conducts India’s 1st Deep Brain Stimulation workshop for Parkinson’s, movement disorders

TechnologyS. Korea to funnel public growth fund into AI, semiconductors

TechnologyIndian stock markets open higher amid positive global cues

TechnologySamsung unveils details of new Exynos chipset for Galaxy S26