How Tesla Quietly Became A Major Real Estate Player
While Tesla officially declares 6.6M SF of commercial space, the San Francisco Chronicle reports the real number is closer to 8.3M SF. The first number only takes into account holdings such as the 5.4M SF factory and 350k SF headquarters. The 8.3M SF figure, however, adds all stores, service centers and 1M SF in facilities that will come online soon.
Analysts expect the company to keep growing rapidly to meet production targets. It remains to be seen if the company will grow in the Bay Area or move east as it did when it built the Gigafactory in Reno.