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Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

Tesla CEO Elon Musk appeared at Tesla's Texas Gigafactory wearing a cowboy hat and driving a Roadster.

On April 7, local time, the opening party of Tesla's Texas Giga Fest was held in Austin, Texas, USA, which is also Tesla's global headquarters.

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

Musk wore a cowboy hat and drove the Roadster

"When we first started Tesla, optimistically, I think we have a 10 percent chance of success," Musk said in the opening, thanking the Tesla team for their hard work and bringing the company to its current success, where two-thirds of all electric cars in the U.S. are made by Tesla.

In terms of factory construction, Musk once again emphasized Tesla's localization strategy, building factories locally, vehicles do not need long-distance transportation, which is crucial for the environment and energy.

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

Tesla global factory map

Musk: The Texas plant is the most advanced automobile factory and will become the largest battery factory

For the Texas Gigafactory, Musk said, "The space in California has run out," and Tesla needs a place where it can grow and thrive, and in this regard, there is no place like Texas.

He revealed that the Texas Gigafactory is the world's largest factory, and if the Texas Gigafactory is reversed, it will be higher than the Eiffel Tower and the Burj Khalifa.

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

The Texas Gigafactory is higher than the Eiffel Tower and the Burj Khalifa

"This factory is the most advanced car factory ever built on earth," Musk also proposed the idea that Tesla's factory is also Tesla's product itself, calling the gigafactory "The machine that builds the machine."

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

The Texas Gigafactory aggregates all functions into a single building, which can greatly improve production efficiency

In addition, Musk introduced that the Texas Gigafactory is making 4680 batteries, he said, "Over time, this place may become the largest battery factory in the world." ”

At the same time, Musk revealed that the battery pack manufacturing technology in the Texas gigafactory has also made new progress. In future Model Y models, the battery pack will also become a weight-bearing structure for vehicles, which will help reduce body weight.

He added that when the Model Y production of the Texas Gigafactory reaches 500,000 units a year, Tesla will start production of Cyber trucks here next year. In other words, next year, the Annual Production of the Model Y at the Texas Gigafactory is expected to reach 500,000 units.

The goal is to capture 20% of the overall automotive market and produce Cyber trucks, Roadster and Semi next year

Musk said Tesla has achieved great things, but there is still a long way to go. He said Tesla's future goal is to occupy 20% of the entire automotive market, "market share is crucial, we want to build a large number of cars." ”

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

Schematic diagram of Tesla production

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

Tesla currently has a share of the entire automotive market

Looking ahead, Musk said, "We're going to reach real scale, to a company that has never been seen before in human history." He also hinted that the Texas Gigafactory will delve deeper into the Robotaxi fleet of self-driving taxis.

In addition, Musk said that he hopes to produce the first version of tesla robot Optimus next year. Meanwhile, the Cyber truck electric pickup, the next-generation Roadster electric sports car and the Semi electric truck will all start production next year. "The main goal this year is to significantly increase production, and next year there will be a large number of new products on the market." Musk said.

Musk described the achievements of Tesla's artificial intelligence team, and he also said that Tesla's goal this year is to release a beta beta version of the FSD assisted driving system in North America.

Annual production of 500,000 vehicles! Musk's Texas plant has re-asserted that it aims at 20% of the global automotive market

The latest Cyber truck removes the door handle

Tesla's Texas Gigafactory, which began construction in Austin in July 2020, is Tesla's fourth auto assembly plant after the Fremont plant, the Shanghai plant and the Berlin plant. On October 7, 2021, local time, Musk announced at the shareholders' meeting that Tesla's headquarters was officially moved from Palo Alto, California to Austin, Texas. Musk explained that the size of the Bay Area is limited, but this does not mean that Tesla will abandon California, tesla will continue to expand in California. Prior to this, Musk himself had already settled in Austin.

According to Tesla's first quarter 2022 delivery report released a few days ago, Tesla delivered more than 310,000 vehicles worldwide in the first quarter, and its production exceeded 305,000 units, a new high. Deliveries of 184,800 units increased by 67.7% year-on-year compared to the same period last year.

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