Tesla ($TSLA@US) executives laid out the company’s plan for becoming the world’s largest carmaker in an effort to ease shareholder concerns about reining in costs. The electric vehicle giant aims to sell 20 million vehicles per year by 2030, a sharp increase from 1.3 million in 2022. Reaching its goal will require $1.75 billion in investment, of which it has already spent about $28 billion, and offer ten models. During the meeting, CEO Elon Musk confirmed that Tesla plans to build a new manufacturing plant in Mexico. Tesla shares rebounded 65 percent since January after it cut vehicle prices. Wall Street has been watching to see when Tesla would release a less expensive vehicle and increase its market share. The least expensive Tesla available in the U.S. is priced above $40,000. Shares dropped 5 percent in after-hours trading on Wednesday.