Elon Musk hints at new Tesla plant in Asia

Elon Musk hints at new Tesla plant in Asia

July 9, 2020 0 By autotimesnews

Tesla has not yet confirmed the whereabouts of its second Gigafactory in the United States and has only recently started work at Gigafactory in Berlin, but this did not stop Elon Musk from hinting at another plant.

When asked whether the automaker would “expand Tesla’s megafactories in Asia outside of China,” Musk replied with a resounding yes, but then added that “first we need to finish Giga Berlin and the second Giga USA to serve the eastern half of North America.”

This is the first time that he has announced the second potential Gigafactory in Asia, which can join an existing enterprise located near Shanghai. Unfortunately, Musk did not specify exactly where this new plant could be located, but given the well-developed automotive and battery industries in Korea and Japan, it seems that one of these countries will be selected.

During the forced closure of the Tesla plant in Fremont, California, Musk announced that the company would leave the state and set up a new headquarters elsewhere. However, this does not seem to be the case anymore, as the automaker is actually planning to expand production facilities at the site. Moreover, Tesla also plans to increase capacity in Shanghai and Nevada.

With rising production plans and stock prices reaching record highs, it is becoming increasingly likely that Tesla’s grip on the electric car market will continue for quite some time.