News Snapshot:
Tesla's Giga Shanghai is its main export hub, so production capacity increases are critical. Tesla is currently working on upgrades at its automotive factory in China, coined Giga Shanghai. When the work is all completed and the factory is running at speed, the upgrades will afford it the capacity to produce about 3,000 EVs per day. While Tesla is upgrading Giga Shanghai and considering more upgrades and expansion at its original plant in Fremont, California, it’s also ramping up a new factory in Austin, Texas, as well as another near Berlin, Germany. The company’s Q2 2022 report made it clear...
