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Tesla Looks To Expand Production Facilities Across Globe

With sales of its Model S on the rise and more models on the way, Tesla CEO Elon Musk told told Bloombergthat the company is looking to build factories in Europe and Asia in order to increase Tesla’s production capabilities.

A possible expansion anticipates the launch of a more affordable, smaller Tesla electric car. Planned as Tesla’s third production car, the vehicle will feature a range of about 200 miles, and is expected to sell for as low as $35,000, making it the most affordable Tesla yet. Built on an all-new third-generation Tesla chassis, Tesla’s recent trademark registrations indicate that it will be called the Tesla Model E. Of course, the Model E—or whatever it will be called —won’t arrive for at least another two years.

In the meantime, Tesla will be busy: the company plans to produce more than 20,000 Model S sedans in California this year, with hopes to double that figure for 2014. Next year, Tesla will also begin production of the Model X luxury SUV at its Fremont, Calif. plant. Built on the same platform as the Model S, the SUV will features similar performance to Tesla’s first mass-produced car, but includes seating for seven adults, two powerful electric motors for all-wheel drive, and iconic falcon-wing doors.

While these figures likely represent only a fraction of the 500,000 cars per year Tesla’s Fremont factory is capable of producing, Musk said additional factories will be needed to make Tesla’s affordable future EV. “Certainly, within five years we’ll have our mass-market electric car available,” Musk said. “We’ll start seeing hundreds of thousands of electric cars going to market every year.”
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