The Verge mentioned that Elon Musk paid a visit to China two months ago and now Tesla has confirmed that the company pursuing the possibility of opening a factory in the Shanghai region. Although you would figure it is to build more cars in that region of the world, but the company hasn't discussed exact plans as the company produces electric vehicles and energy storage. Who knows for sure, but even the potential of a Gigafactory is astonishing with that land mass. The current factory set to open in Nevada is pretty massive. Tesla produces all of its cars in the US. However, if the company hopes to increase its production to 500,000 vehicles a year - that's a six-fold increase over 2016 numbers - and reach more consumers in Europe and Asia, it will have to open factories closer to those customers.