Electric vehicle manufacturer Tesla plans to invest $ 6bn on production plants and equipment over the next two years , according to a regulatory filing . Tesla plans to spend just under $ 2.5bn this year , and between $ 2.5bn and $ 3bn per year in 2019 and 2020 . The US - based company also wants to produce 3,000 of its Model S sedans per week at a new factory in Shanghai . Gigafactory 1 is the company's plant near Clark, Nevada, where it makes batteries and parts of the Model 3 drive train. However , the filing stated that the company 's production targets were " subject to a number of uncertainties " , including supply chain constraints , regulatory approval and the speed at which it can bring the China plant online .
Electric vehicle manufacturer Tesla plans to invest $ 6bn on production plants and equipment over the next two years , according to a regulatory filing . Tesla plans to spend just under $ 2.5bn this year , and between $ 2.5bn and $ 3bn per year in 2019 and 2020 . The US - based company also wants to produce 3,000 of its Model S sedans per week at a new factory in Shanghai . However , the filing stated that the company 's production targets were " subject to a number of uncertainties " , including supply chain constraints , regulatory approval and the speed at which it can bring the China plant online .