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Tesla's long-in-the-making German Gigafactory is close to manufacturing its first electric cars. As Bloombergreports, company chief Elon Musk told those at an October 9th event that the Berlin-area factory should start production of Model Y crossovers in November or December. The challenge, as Musk explained, was bringing production up to healthy levels.The CEO estimated that the Berlin Gigafactory would produce 5,000 to 10,000 vehicles per week, but only by the end of 2022. The facility will likely source batteries from China until a German cell plant is ready, he added. Don't expect this latest factory to play a meaningful role in Tesla's earnings for a while.That's also assuming the Gigafactory moves forward as planned. Tesla is still facing complaints and lawsuits over the impact of the plant, particularly on the environment, and a public consultation process won't wrap up until October 14th. There's a chance officials might deny final approval or require further promises.Tesla has vowed to offset the impact of the factory by planting more trees than it removed, not to mention minimizing water use. Whether or not that's enough to please authorities, it's clear Tesla's European...
— (Engadget) (October 10) (Pocket)
Tesla CEO Elon Musk announced at a shareholder meeting Thursday that the Tesla headquarters will move from Palo Alto, California, to Austin, Texas. Why it matters: Tesla isn't the first tech company to leave California. Oracle and Hewlett-Packard Enterprise moved their headquarters from Silicon Valley to Texas in December 2020.The big picture: Musk said the company plans to increase production in its California facility despite the relocation, which will take time to reach full production. Musk cited housing affordability and commutes among reasons for the move. “To be clear we will be continuing to expand our activities in California,” Musk said Thursday. “Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it’s jammed.”Musk decamped to Texas from California in December 2020.
— (Axios) (October 7) (Pocket)
https://www.engadget.com/tesla-berlin-gigafactory-production-start-date-145218970.html?src=rss https://www.axios.com/tesla-move-headquarters-california-texas-7e4edde0-c747-4859-9cb9-366c7dcb7e05.html https://www.cnet.com/news/elon-musk-and-grimes-semi-separated-after-three-years/#ftag=CAD590a51e
Tech Crunch Oct 10, 2021
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