Tesla plans to build at least 4 million entry-level cars annually by 2030, according to a supplier with close ties to the automaker. Production will take place at multiple facilities, including those in China and Mexico. Tesla’s Model 2, or $25,000 or small EV, has been a source of conjecture and rumor. According to 36 Krypton, Tesla plans an annual production capacity of 4 million units. This ambitious goal is about double what Toyota, the world’s current production leader, managed in 2022. Tesla currently has a capacity of around 2 million vehicles annually, but new factories and the Cybertruck could further meet Tesla’s claims.

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