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IPFS News Link • Transportation

Ford Hopes to Produce EVs Late in 2023 at Tesla's 2020 Runrate $F $TSLA

•, by Brian Wang

Tesla built 305,000 vehicles in Q4 of 2021. Annually at that rate of production Tesla would make 1.22 million cars.

Ford hopes to be about three years behind Tesla in EV production. Tesla ended 2020 with 179,757 produced in Q4. This would have been 720,000 vehicles on an annualized basis.

Tesla just finished increasing production of its Model Y factory in Shanghai. It is reported Tesla Model Y factory in Shanghai is making 2,000 units per day, and will gradually increase to about 2,200 vehicles per day. The increase to 2200 per day should happen in August, 2022. Tesla has shutdown the Model 3 line in Shanghai to increase production. After the Model 3 modernization is completed, one-day production of Model 3 will reach 1,000-1,200 units per day. This corresponds to 7,000-8,400 vehicles per week, or 365,000-438,000 Model 3s per year.

Tesla Model Y line should have a runrate of 800000 cars per year in August 2022. Tesla has the Model Y and Model 3 factory as part of the Shanghai gigafactory.