Tesla has a production capacity of 2.35 million vehicles in 2024
Despite the drop in its global sales during the first quarter of 2024 compared to the first quarter of 2023 (-8.5% including -3.7% in China, -11.5% in the United States, -9.8% in Europe ), Tesla believes in a revival of its sales volumes in 2024, in particular thanks to the recent facelifted version of its Model 3 and the prices reduction on all of its existing models (Model 3, Model Y, Model S, Model X).
 
In 2023, Tesla will produce 1.85 million electric vehicles compared to 1.37 million in 2022, 930 000 in 2021 and 500 000 in 2020. At the current rate, the Californian carmaker would produce 1.7 million electric vehicles in 2024 while its production capacities increased from 2 million to 2.35 million units per year between 2023 and 2024, distributed as follows: 950,000 in Shanghai (China), 650,000 in Fremont (California-USA), 375,000 in Berlin (Germany) and 375,000 in Austin (Texas-USA).
 
The Model 2, which was supposed to be launched in 2025 to expand the carmaker's range in the lower segments and attract new customers thanks to a price between 25,000 and 35,000 euros, will surely be postponed to a later date. By eliminating 10% of its workforce, Tesla must review its strategy and its ambitions, within a global BEV market which seems to be slowing down and in which new players are appearing, mainly Chinese.
 
Regarding utility vehicles, Tesla has indicated that it wants to sell 125,000 Cybertrucks per year and 50,000 Semi trucks per year, vehicles which will begin to be produced in 2024. The factory planned in Mexico (probably for the Model 2), near Monterrey, is expected to be built in 2024-2025.
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