Tesla Updates Long-Term Production Targets and Facility Plans

Tesla has revised its long-term production target to 5 million units annually by 2030, down from a previous goal of 20 million units set in 2020, reflecting a strategic focus on robotics and autonomous systems. The company also announced plans to start commissioning equipment for a new facility in Austin, Texas, in 2027. These updates were shared during the third-quarter 2026 earnings call.