Tesla's Berlin gigafactory to be delayed another 6 months: report

Dow Jones2021-05-03

MW Tesla's Berlin gigafactory to be delayed another 6 months: report

By Mike Murphy

Facility won't open before end of January 2020, German magazine reports

Production at Tesla Inc.'s new gigafactory outside Berlin will be delayed by another six months, according to a new report.

The German trade magazine Automobilwoche reported Sunday that production will not begin before the end of January 2022, and that Tesla Chief Executive Elon Musk officially gave approval for the six-month delay.

Tesla $(TSLA)$ had hoped to open the facility on July 1, but permitting issues and plans to also build a battery-cell factory at the site have reportedly contributed to the delay. The massive factory will be Tesla's fourth worldwide, and first in Europe.

When Tesla reported earnings last week, the electric-vehicle company said its newest factories in Berlin and Texas "are making progress."

Tesla did not immediately respond to a request for comment Sunday. The company dissolved its media-relations team last year.

Tesla shares are about flat year to date, but are up more than 400% over the past 12 months.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

May 02, 2021 18:03 ET (22:03 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

J355
2021-05-03
J355
[Sad]
- J355:
  Is there bonus this year?
- mQ:
  No AMmo
- Cumcumber:
  Buy buy
Ddsl
2021-05-03
Ddsl
Not good news
Finree
2021-05-03
Finree
[微笑]
ICEsh00ter
2021-05-03
ICEsh00ter
哇
HH浩
2021-05-03
HH浩
Getting interesting as many existing fossil empowered engine car manufacturers are turning to EV...
- HH浩:
  TQ, have a great day ahead!
- S土豪熊貓G:
  Nice Post
iDunn0
2021-05-03
iDunn0
HODL?

Leave a comment

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","text":"TQ, have a great day ahead! ","html":"TQ, have a great day ahead! 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