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Msg  2402 of 2426  at  11/6/2023 1:30:49 PM  by

shiftsuper175607


Tesla planning to build affordable $27,000 EV at Giga Berlin


The sub-$27K EV comes as Tesla hikes wages at Giga Berlin as unionization efforts build

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Tesla (TSLA) shares reversed earlier gains in midday trade as the electric vehicle maker revealed Giga Berlin may build its long-awaited cheap EV, while Tesla workers in Germany may be getting a raise as union pressures rise.

As first reported by Reuters, Tesla is planning to build its 25,000 euro ($26,838) mainstream EV on its upcoming gen-3 platform at Giga Berlin. CEO Elon Musk revealed those plans to build the 25,000 euro EV when he visited the Giga Berlin plant on Friday, following a trip to the UK for an AI summit.

 
 

Musk has said in the past that production breakthroughs and rethinking how a plant is laid out would allow Tesla to make EVs more cheaply. Most recently he warned that high interest rates are making EVs unaffordable and that is a main impediment to the company’s growth (as opposed to demand).

Tesla, Inc. (TSLA)


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Msg # Subject Author Recs Date Posted
2403 Re: Tesla planning to build affordable $27,000 EV at Giga Berlin nipper_dog99 1 11/6/2023 2:40:37 PM




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