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It Was Announced When Tesla’s Factory in Germany Will Start Production: Stocks started to rise.

159 read — 30 November 2021 09:41
It Was Announced When Tesla's Factory in Germany Will Start Production: Stocks started to rise.

It Was Announced When Tesla’s Factory in Germany Will Start Production: Stocks started to rise.

The start of production at the Gigafactory, Tesla’s factory in Germany, has been delayed for months due to some environmental activists. However, according to new news, Gigafactory will start production soon.
Tesla, the electric car company of billionaire Elon Musk, which sold a total of 500 thousand vehicles in 2020, has recently been struggling to deliver its new cars to its customers on time. In some cases, these delays were reported to last for months.

But today, the company’s shares have seen an increase of more than 5 percent, making CEO Musk, the richest person in the world, as much as 12 billion dollars. The reason for this increase in the company’s shares is that production will start shortly after at the Gigafactory, the company’s factory in Germany, where the company took a break from its construction work for a while. It was also instrumental in the case when Musk invited his employees to cut delivery costs.


A big step for Tesla

The Gigafactory was originally scheduled to start production in the summer of 2021; however, the construction of the factory was suspended due to the objections of environmental activists.

German automotive news site Automobilwoche reported that it is only a matter of time before environmental permits are obtained for Tesla’s new production facility in the country, and the Gigafactory will begin production in the next few days. It can be said that this is a very big step for Tesla, which aims to increase its production capacity.

In a statement before that, Tesla said that its new factory near Berlin; announced that it will be equipped with a production technology that makes the production process much more automatic and easier. This means that the production power of the factory will be high. Clear information about the opening date of the factory has not been shared yet.

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