It’s not all about all electric cars. As Musk said, Tesla is something more than a car manufacturing company. It is a renewable energy company. Following are the main plans for its future. Increase Tesla Cars Range to 1,000 km ; Tesla cars run on battery, and they need to be charged once the battery is drained out. The new factory will give Tesla a foothold in the European market, extending the global reach of Tesla in 2020. It will initially start producing the Model Y before adding the Model 3 and possibly other models and possibly being able to produce up to 500,000 vehicles annually.