Elon Musk Hopes To Unveil New Tesla Factory Location By Year-End

Tesla (TSLA) CEO Elon Musk said Monday that he hopes to formally announce the location of the clean-energy carmaker’s new gigafactory later this year.

Speaking on the sidelines of an energy conference in the Norwegian city of Stavanger, Musk said he also took an optimistic note for the future of electric cars, predicting that nearly half of all electric vehicles will be electric by 2030, and that figure will rise. up to 85% by 2030. 2035.

A new gigafactory to meet that demand, however, has yet to be officially unveiled, although Musk hinted at Tesla’s annual shareholder meeting earlier this month that Canada could be his preferred location. he also told investors he expects a production run of about 2 million vehicles per year by the end of December.

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