The managing director of the Strategic Fund is discussing the Chinese stock market, which was puzzled by the “Cramant Countdown.”
Tesla CEO Elon Musk broke some moves at the ribbon-cutting ceremony of electric car maker’s new Gigafactory on Tuesday in Berlin, Germany, fulfilling his promise a few weeks ago.
Tesla CEO Elon Musk will attend the official opening of a new Tesla electric vehicle manufacturing plant near Grünheide, Germany, on March 22, 2022. ((Photo by Christian Marquardt-Pool / Getty Images) / Getty Images)
| Ticker | safety | last | Change | change % |
|---|---|---|---|---|
| TSLA | Tesla, Inc. | 999.11 | +5.13 | + 0.52% |
Musk, the wealthiest person in the world, had a lot to celebrate. The opening of Tesla’s first manufacturing plant in Europe was delayed by several months due to the COVID-19 outbreak and the challenges of obtaining construction permits from local governments on environmental issues.
Elon Musk working on the Tesla Master Plan Part 3
When authorities finally approved the factory’s commercial start earlier this month, Twitter fans asked Musk if he would dance at the opening of Giga Berlin, similar to the opening of Tesla’s Shanghai factory in 2020.
Sure enough, when the first German Model Y was presented to 30 customers on Tuesday, Musk made his vow and cut the rug.
Tesla’s latest manufacturing hub is expected to produce 500,000 electric vehicles annually, and the long-awaited opening is seen as a major victory for shareholders.
Wedbush Securities analysts Daniel Ives and John Katsinglis said, “Investors are gigantic of the bureaucratic work and headaches seen in delays and controversies in opening this European flagship plant. I was wondering if Berlin would actually open, so it’s frustrating to see investors unfold. ” I wrote in this week’s report. “We cannot emphasize the importance of Giga Berlin’s production to the overall success of Tesla’s footprint in Europe and the world.”
Click here to get your FOX business on the go
They added, “China will be a major growth driver, but by 2022 Tesla’s Model Y demand will rise rapidly in the United States and Europe, which looks like another’breakout year’for Tesla and the EV industry. I believe it is. “