Tesla heavily upgraded its plant to receive the new Model 3 image

As Tesla is getting ready to begin the production of the upcoming Mode 3, its plant received a massive technological boost, according to Wall Street analysts.

Elon Musk has set some high goals for Tesla in the near future, as the automaker plans to produce around 500,000 electric cars per year by the end of the decade. On short term, it targets a boost of up to 80 percent in its sales in 2016 to around 80,000-90,000 units. And the upcoming affordable Model 3 – which will reveal itself on 31 March – plays a big role in the expansion strategy. Tesla have properly prepared its Californian plant to house the new 35,000-dollar green car and “the progress witnessed is truly stunning,” Bloomberg reports, citing Wall Street analysts who have recently toured the factory.

Tesla spent around 1.6 billion dollars to bring the plant to the next level, by adding new equipment and employee more workers. The Fremont facility now has a new aluminum stamping press capable of boosting the output by 10 to 20 times than the older machine, it built a new paint shop that could cover around 500,000 cars per year, the assembly lines were upgraded to keep up with the planed speedy pace and there are also more robots in factory. All these improvements and new machineries need more employees to supervise them, therefore the company expanded its workforce by 29 percent last year, to 13,058 staff.

Tesla also plans to invest about 1.5 billion dollars this year in equipment to support battery production at its Nevada Gigafactory, to open about 80 retail locations and service centers and to energize around 300 new Supercharger stations.

Via Bloomberg