Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.
It was a series of firsts, including a profitable full year and Megapack turning a profit that factored into CEO Elon Musk explaining that he has “never been more optimistic or excited about the future of Tesla.” Austin is confirmed as the site of the next Gigafactory.
Australia’s ability to fuel a manufacturing boom has never been greater. A timely new study by the Centre for Future Work shows what plugging production into solar, wind and hydro could do to build competitive industries and a sustainable, high-employment scenario.
Tesla’s Nevada operation is still open for business, though. The EV and battery maker has assured the market its cash position is strong enough to weather an “extended period of uncertainty”.
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