Tesla plants worldwide continue to outperform expectations, boosting production capacity even when it appears impossible. According to an email thread issued by Elon Musk, the Tesla Fremont facility has set a new daily output record.
Tesla’s ability to boost factory production capacity is impressive. Despite the world’s recent troubles, the corporation continues to raise its productivity by roughly 50 per cent yearly. According to CEO Elon Musk, it will continue to achieve this statistic in the future.
The Tesla Fremont facility gave birth to the Tesla automobiles that sparked the electric vehicle renaissance. This plant was responsible for the company’s expansion for all of these years until Giga Shanghai launched in 2019.
Looking inside the Tesla Fremont
The Tesla Fremont, California, the facility is one of the most modern automobile factories in the world, with 5.3 million square feet of production and office space on 370 acres of land.
Following the approval of Tesla’s expansion plans by the City of Fremont in 2016, the business roughly increased the size of the plant to over 10 million square feet, creating thousands of additional employment in the following years.
The Tesla Fremont facility now employs over 22,000 people. Tesla bought the factory in 2010 and refurbished it considerably before the first Model S came off the assembly line in June 2012.
Tesla built skylights to offer natural light to workers and coated the flooring with white epoxy to create a clean working atmosphere to revitalize what was formerly a gloomy, confined facility.
There is also an employee training centre, a cafeteria and food trucks, a gym, a 24-hour in-house medical centre, and outdoor terraces.
TESLA Fremont outnumbered GM and TOYOTA
Despite the poor placement of its production buildings left over from General Motors and Toyota, the Tesla Fremont facility has been a huge success and celebrated another milestone last week. According to Musk in an email to staff, which Drive Tesla secured a copy of, the plant reached its greatest day of productivity ever.
GM was initially in charge of the facilities in Fremont, California. However, the car factory ceased operations in 1982.
Its shutdown did not last long, owing to a 1984 agreement between Toyota and GM, which topped production at 428,633 automobiles.
Tesla, which has owned the factory since 2010, has apparently outnumbered GM and Toyota, according to Musk.
Tesla plants are setting an example
While Musk didn’t provide an exact figure, In 2021, Tesla Fremont manufactured an average of 8,550 automobiles per week or approximately 1,221 vehicles per day. The production capacity was lower at the start of the year, but by the end of the year, the number of vehicles had exceeded this amount.
Furthermore, Musk stated that Giga Berlin has been effective in ramping up production. As a result, the facility attained a weekly capacity of 1,000 automobiles last week. As a result, Giga Berlin can assist deliveries in June with around 3,000 trucks.
Giga Texas is also gaining traction after releasing the Model Y with 4680 cells this week. Building automobiles with a structural battery pack will ultimately shorten the time it takes to manufacture a whole car, increasing factory output even more.
It is worth mentioning that the Tesla Fremont facility is home to the company’s best-selling EVs, including the Model 3 and Model S. The Model X and Model Y is built too at this plant.
Elon Musk to be the first trillionaire?
According to American asset management firm Ark Invest, Elon Musk, CEO of Tesla, has the potential to make history by becoming the world’s first trillionaire. According to Ark Invest Management, Tesla’s stock will be worth $3,000 by 2025, up from its present value of $655. Depending on the number of shares outstanding, the corporation would be worth about $3 trillion at that price, also due to the outnumbered effort made by the Tesla Fremont.
ARK predicted last year that Tesla’s share price would reach $7,000 per share in 2024. According to their most recent analysis, the asset management firm believes it might reach $3,000 by 2025.
According to Nextbigfuture, Musk owns 24.1 million shares of Tesla and will get eight additional CEO salary incentives totalling 1.2 million shares. Musk will have around 25.3 crore shares worth $1.012 trillion by 2025 after adding those 1.2 lakh shares. Nextbigfuture covers a wide range of disruptive technologies and themes, including space, robots, AI, medicine, and so on.
Musk was ranked second in the Bloomberg Billionaires Index with a net worth of $164 billion as of March 25, trailing only Amazon’s Jeff Bezos, who was ranked first with a net worth of $181 billion.
Previously, Tesla’s shares climbed more than 20% in a week in January, according to the Bloomberg Billionaires Index, bringing Musk’s net wealth to $195 billion, ranking him the world’s richest man.