In Germany, the site for the planned Tesla factory in Brandenburg district of Grünheide has been moved forward with a decisive step: Tesla has now signed the purchase contract with the state of Brandenburg for the 300 hectares of land for Tesla’s Gigafactory 4.
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Tesla does not plan to manufacture lithium-ion cells near Berlin in the first construction phase. This could be due to the tight schedule. Meanwhile, the Tesla Model Y has received certification from the California Air Resources Board (CARB) in the USA.
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In Germany, the Finance Committee of the Brandenburg State Parliament has approved the purchase agreement for the site of the planned Tesla factory in Grünheide.
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As part of the Model 3 delivery launch for regular customers in China, Tesla has now also officially launched the Model Y program. It is not yet clear when the Model Y will be produced in China, but Tesla has already announced prices and is accepting pre-orders.
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An official announcement in the Brandenburg gazette marks the formal beginning of the approval procedure for the planned Tesla plant in Germany. The public notice states that Tesla intends to start up the plant in Grünheide, near Berlin, in July 2021.
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Tesla delivered 112,000 electric cars in the 4th quarter of 2019, of which 92,550 were Model 3 and 19,450 were Model S and Model X. The Californians have thus reached the targeted 100,000 deliveries for the first time, and production has now also reached six figures.
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Tesla has started deliveries of the first Model 3s produced in the Shanghai plant to customers. The first 15 vehicles were handed over to Tesla employees during a special event. According to a Reuters report, regular customers will also receive their vehicles from 7 January onwards.
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Tesla must yet again cope with the departure of a manager. Bert Bruggeman was only appointed Vice-President of Production at Fremont plant one year ago and has now thrown in the towel. Given his unexpected departure, a successor has not yet been announced.
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Tesla has founded a European public limited company called Tesla Manufacturing Brandenburg SE for the operations of its planned plant in Grünheide, Brandenburg. Meanwhile, in China, rumour has it that Tesla already produces 1,000 Model 3s per week at its plant in Shanghai.
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It seems that Tesla might be aiming to produce its own battery cells at its European plant in Brandenburg. Among other indications, this impression was given by job advertisements for the planned Gigafactory 4.
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It looks like Sascha Zahnd is the new European head of Tesla. Zahnd will succeed Jan Oehmicke who left the company last summer. The new European boss will also be responsible for the construction of the Gigafactory 4 in Germany near Berlin.
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According to CEO Kazuhiro Tsuga, Panasonic is not currently planning a new battery cell factory for Tesla in China. Officially, however, it remains open whether Tesla will rely on another manufacturer for the Shanghai plant or imported battery cells from Gigafactory 1.
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According to German media, Tesla plans to invest up to four billion euros to build Gigafactory 4 close to Berlin. The Grünheide site is to produce up to 150,000 electric cars a year once opened.
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Tesla will build its European Gigafactory in the Berlin area. The electric car company’s boss Elon Musk just announced at the award ceremony of the ‘Golden Steering Wheel’ in Berlin. The search for factory employees is on now.
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After two quarters of losses, Tesla closed the third quarter of 2019 with a profit. While sales were near the level of the previous quarter, the fresh business figures this time show a bottom-line improvement of 143 million US dollars.
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Tesla could deliver more than 100,000 electric cars for the first time this quarter. This was indicated by Elon Musk in an e-mail to employees. It has also been announced that production of the Model 3 will start at the Tesla plant in Shanghai on October 14.
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Tesla will increase its prices in China from Friday of this week, slightly earlier than originally planned, according to media reports. The main focus will probably be on imported vehicles from the USA. But the Gigafactory 3 would also be affected.
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It appears the rumours were true: Tesla will buy batteries from LG Chem for its electric car production in China. Media agencies cite inside sources confirming the deal that would affect both the Model 3 and future Model Y.
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During the telephone conference to announce the latest quarterly figures, Elon Musk also commented on the rumours that Tesla intends to produce its own battery cells in the future: There seem to be delays.
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Elon Musk announced in the context of the latest quarterly figure announcement that Tesla co-founder JB Straubel will withdraw from the operational business as Chief Technology Officer and will in future only work in an advisory capacity for Tesla. The new Tesla CTO will be Drew Baglino.
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In the second financial quarter of 2019, Tesla has produced 87,048 cars and delivered 95,356, surpassing all previous quarterly figures and enabling a similarly record-breaking cash flow. CTO, JB Straubel is stepping down after 15 years with the company.
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Tesla has opened the order books in China for the Model 3, which the EV manufacturer will produce in its Shanghai plant, which is still under construction. The first deliveries of the Model 3 from local production are scheduled to start in six to ten months.
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Tesla has secured financing for the first phase of its China plant in Shanghai as it signed credit agreements with Chinese banks for up to 3.5 billion yuan (around 465 million euros).
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Panasonic has lowered its forecast for the 2018/19 fiscal year, which ends in March, following a decline in profits over the winter. However, the Energy division, which also includes the battery business with Tesla, recorded its first operating profit in three quarters at 131 million euros.
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UBS analysts have recently come to the conclusion that Tesla Model 3 cells are by far the most cost-effective. Now latest estimates conclude that over 600 million cells of this type have been produced in Gigafactory 1, thus adding up to a total capacity of just under 11 GWh.
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Tesla appears to operate on an aggressive timeline for producing the Model Y, internal documents leaked to Business Insider show. Tesla sent said documents to engineers ahead of the Q3 earnings call in October and so a Tesla spokesperson called these to be “outdated” by now. Still they reveal ambition.
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After recording a profit in Q3 of this year, Tesla has filed a follow-up report to the SEC. Their latest 10-Q filing concentrates on further growth, particularly in the areas of production and service infrastructure and Tesla is ready to spend billions.
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Berlin has now also placed a bid to bring home the first Tesla Gigafactory in Europe. Senator Ramona Pop already contacted Tesla CEO Elon Musk regarding the idea back in August, as well.
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The plan by Tesla’s battery partner Panasonic to set up three new assembly lines in the Gigafactory 1 in Nevada by the end of the year, will likely be completed ahead of schedule. The expansion will increase the production capacity by about 30%.
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Tesla is looking for staff for their planned electric vehicle factory in Shanghai just one month after receiving approval to set up shop from Chinese autorities. Most roles posted on the Tesla website are at senior level, reaching from architectural designer to experienced finance manager.
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