Tesla ramps up production as rivals launch new EVs
Tesla models comprise four of the five top-selling EVs in the U.S. and roughly two-thirds of new EV registrations, according to data from Experian. But the army of brands hoping to gain ground against Tesla could threaten the company’s dominance if it doesn’t boost capacity worldwide.
In Shanghai, the company will test the new production lines through November. The $170 million investment is intended to help Tesla ramp up to produce around 2,200 units of Model 3 and Model Y cars per week.
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