Tesla CEO Elon Musk announced this week that the electric vehicle maker is about to embark on a major expansion of its manufacturing facilities.
The plan calls for building a total of 10 to 12 electric vehicle manufacturing centers
According to Fox Business, Musk revealed that plans are in the works for Tesla to construct between 10 and 12 car factories. He explained that the planned infrastructure will be needed to meet Tesla’s goal of selling 20 million electric vehicles annually.
Fox Business noted that Musk also did not specify whether the figure of 10 to 12 factories will include the four existing sites that his company already operates. No details were provided regarding where they will be built.
That information was reportedly unveiled during the company’s annual shareholder meeting which was held on Thursday.
During his presentation, Musk boasted of Tesla’s prowess vis-a-vis other manufacturers, saying, “When our competitors advertise for electric vehicles, every time they do that our sales go up.”
Musk and Twitter sue each other over the canceled purchase agreement
His announcement regarding Tesla’s planned expansion is far from being the only time that Musk has been in the news.
The maverick billionaire made headlines earlier this year when he announced plans to purchase the social media company Twitter for $44 billion, suggesting that he would use it to promote free speech.
However, Musk later backed out of the deal, arguing that Twitter’s board of directors had not been forthcoming about how many fake accounts the platform hosts.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Twitter responded by suing Musk, with Fox Business reporting on Friday that the billionaire has put his complaints in a countersuit. The case is set to be heard in a Delaware court this October.
“The Counterclaims are a made-for-litigation tale that is contradicted by the evidence and common sense,” Twitter was quoted as saying in a court filing made this week.
“Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations,” the company added.