Earlier quoted context omitted.
These numbers do not include Giga Texas or Giga Berlin, both of which are nearing completion. Each of these factories are estimated to ramp to 500k vehicles/year in the first phase (going far higher in the years to follow). Giga Texas alone has around 8 million square feet of factory space, whereas GM has around 33.9 million square feet factory space, dedicated purely to ICE vehicle production, in its 10 US factories…
The argument about Tesla being to small to matter is dwindling fast. Elon has publicly stated a goal of a yearly production run rate of 20 million before 2030. And let's not get into the profit margins which is way better than ICE :)
Why is that?