This factory is already building cars and will soon increase production to over 1,000 vehicles weekly. "First ground to first car was less than a year. I think that put a lot of automakers on notice," Rusch said.

Last Monday, Tesla shares went past $500 for the first time ever. The stock was up by more than 8 percent from where it closed last Friday. It has risen more than 100 percent since last September. For a company - any company's - stock to increase that much in such a short amount of time is beyond impressive. Tesla's market capitalization is now above $90 billion. To give you a better idea just how incredible that figure is, it's over $3 billion more than GM and Ford combined. The Model 3 is now the EV all automakers, including Ford, GM, and Volkswagen, are trying to emulate. This not only includes driving range but also design.

"And what we were looking at is designs very similar to the Tesla Model 3 coming out two, three years from now," Rusch added.