Tesla Giga Shanghai to keep expanding production capacity

Tesla's wholly-owned super factory is to keep expanding its production capacity in the future, said the US-based e-car manufacturer. On October 21, Tesla released its Q3 2021 earnings report, which states the quarter's total revenue of USD 13.76 billion, an increase of 57% over the same quarter last year, despite various challenges such as semiconductor shortages, port congestion and repeated power outages that have affected Tesla’s ability to keep its factories running at full speed. Tesla also expects to achieve 50% average annual growth in vehicle deliveries over a multi-year horizon, while the annual growth depends on factors like equipment…