By Marco dell Cava, USA Today
With four electric vehicle models either on sale or in development, Tesla CEO Elon Musk said Tuesday that the growing brand may be required to build at least three and "possibly as many as 10 or 20" new factories to keep up with expected demand.
Tesla's first mid-priced car, the Model 3, is due to start deliveries later this year. At Tuesday's shareholders' meeting, Musk talked about the next vehicle in development, the Model Y, crossover, and predicted that it will see the highest demand of any Tesla when it arrives in 2019.
It's a bold prediction given the more than 400,000 reservations that Tesla has already taken for the Model 3. In addition, Tesla offers two current luxury vehicles, the Model S sedan and Model X crossover. Complicating production issues, the Model Y won't be built on the same chassis as the Model 3, he said.