Hyperdrive

Tesla Will Have a Leg Up Making Electric Cars for Years to Come

Elon Musk’s almost back-to-back plant openings add to the company’s production capacity advantage.

Tesla CEO Elon Musk speaks during the official opening of the company’s new car manufacturing plant in Gruenheide, Germany.

Photographer: Pool/Getty Images Europe
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Tesla Chief Executive Officer Elon Musk handed over the first made-in-Germany Model Y vehicles Tuesday at the company’s new factory outside Berlin. It’s a big milestone for Tesla, which now has auto plants on three continents: in North America, home to its first assembly in Fremont, California; in Asia, its second facility in Shanghai; and now in Europe.