Business & Investment

Tesla’s Berlin Gigafactory Delays Another Six Months: Report

Production at Tesla’s new Gigafactory on the outskirts of Berlin will be delayed by another six months, according to a new report.

German trade magazine Automobilwoche reported on Sunday Its production will not begin by the end of January 2022, and Tesla CEO Elon Musk has officially approved a six-month delay.

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Wanted to open the facility on July 1, but reports of permission issues and plans to build a battery cell factory on the site also contributed to the delay. This huge factory will be Tesla’s fourth in the world and the first in Europe.

When Tesla reported earnings last week, the electric car company said the latest factories in Berlin and Texas “I’m making progress.”

Tesla did not immediately respond to a request for comment on Sunday. The company disbanded its media team last year.

Tesla’s share has been almost flat so far, but has risen by more than 400% in the last 12 months.

Tesla’s Berlin Gigafactory Delays Another Six Months: Report

http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D3E045C7A50A%7D&siteid=rss&rss=1 Tesla’s Berlin Gigafactory Delays Another Six Months: Report

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