Tesla has announced plans to increase its production capacity by 50% from 2023 onwards, without investing in new manufacturing lines. The company will instead focus on producing more affordable vehicles using its existing factories. This decision has been positively received by investors, despite Tesla missing its financial targets. Tesla’s Chief Executive Officer, Elon Musk, was also expected to meet with Indian Prime Minister Narendra Modi to discuss potential investments in an auto factory. However, the meeting was canceled at the last moment due to scheduling conflicts.