Tesla Dominates by Crushing Competition in Price and Production on 3 Continents
Tesla is on a relentless mission to maintain its dominance in the automotive industry.
Tesla has already waged a price war on its rivals in China and the US to maintain its position.
Tesla's competitors have reacted by lowering their prices too, often at the risk of undermining their profit margins.
Tesla troubled its competition in terms of production last year, and plans to produce 1.8 million units this year.
Tesla troubled its competition in terms of production last year, and plans to produce 1.8 million units this year.
Tesla has opened factories on three continents, where most automotive sales are concentrated.
Tesla's German factory has pushed its weekly output to 5,000 vehicles, a 25% increase in a month.
The German factory mainly provides for the European market and has a production capacity of 250,000 vehicles per year.
The Shanghai unit has a maximum production capacity of 750,000 vehicles per year and delivers the Model Y and Model 3 sedans.
Austin manufactures the Model Y and will soon begin producing the Cybertruck, Tesla's first pickup truck.
Fremont produces all Tesla car models, with an annual production capacity of 650,000 vehicles.
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