More vehicle sales, less cash funds, more superchargers, looks like the explosive growth came to a halt.
Btw where are all the announced vehicles that were supposed to be released after the model 3?
They are supply constrained until the Texas factory opens. Literally a 3-6 month wait if you go order one today. With Texas open they are on track to double sales if demand stays strong.
Cybertruck comes next after Texas is pumping out 500k units a year, and they have the next battery pack ready to scale. My guess is summer-fall 2022 by the slow news on the topic.
The fact that cheap sedans have such a low profit share in the industry, and already get great mileage, probably means that will be one of the last ICE segments to get eroded.
Right now they have Fremont operating at capacity, and Shanghai still ramping. Austin and Berlin are under construction and the hope is they get the first vehicles out this year. All told, total capacity under construction represents something like a tripling of current production bandwidth.
I hope they are close to deciding where the next few factories will go. They probably need to start building those as soon as Texas and Berlin begin production.
For US at least, the Texas site is real big. Like I think they could double capacity a few times. So may be a matter of scaling it up for a bit before needing to add another brand new factory.
I recently drove past the Austin construction site. It's so incredibly huge. And they keep buying the surrounding land. It's really impressive to see in person.
Uhh - aren't they shipping these things as fast as they can make them? Two factories under construction should help. They've been raising prices too I think a bit but could probably charge more in short run. I hope new factories do Model 3 / Model Y vs cybertruck.
When you say growth has ended do you mean that there is no more demand or they just can't build and ship these $30K+ items fast enough?
Both of them are much bigger than the existing ones (Fremont and Shanghai). They're also converting Tillburg (Netherlands assembly plant) to an energy manufacturing plant. And they're planning on building a plant in India.