Tesla may be getting ready to build a new factory — but not what you think

Elon Musk, CEO of Tesla (TSLA) has promised to announce the locations of the electric vehicle maker’s next plants this year.

The list should probably include car assembly plants, as the visionary entrepreneur sees Tesla producing 20 million vehicles a year by 2030 to meet growing demand for electric vehicles.

It’s a competitively strong time for Tesla as rivals struggle to manage supply chain disruptions caused by the Covid-19 pandemic and exacerbated by Russia’s February 4 invasion of Ukraine.

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