Part 9/12:
Tesla's Expansion and Demand in Europe
Tesla has submitted a formal application to expand its production capacity, aiming to double output from 500,000 to 1 million vehicles annually. This initiative involves building new facilities on existing sites, aligning with Tesla’s ongoing ramp-up—remarkably during its initial factory's growth phase, which produces around 4,000 vehicles weekly.
Demand in Europe remains robust. Troy, a market analyst, notes that Tesla's backlog, especially in North America, continues to grow satisfactorily. In Norway, the Model Y might now be available at approximately $40,000 including subsidies and taxes—a highly competitive price enhancing Tesla’s market share.