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Arson! Tesla's German factory stopped production.

2024-04-13 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)03/06 Report--

Tesla, an American electric car company, halted production at its super factory in Berlin, Germany, on March 6 due to a power outage.

According to foreign media reports, Tesla and local departments in Germany said that a preliminary investigation showed that the unidentified perpetrators were suspected of deliberately burning high-voltage transmission lines near Tesla, resulting in a power outage at Tesla's only manufacturing plant in Europe, and Tesla was forced to stop production at the German factory. In addition, the area around the Tesla super factory was also affected by the power outage.

In response to the shutdown caused by a fire near a German factory, Tesla CEO Elon Musk said on social media X that it would be extremely stupid to stop producing electric cars instead of fossil fuel cars. Musk denounced suspected arsonists, saying they were either the stupidest eco-terrorists on the planet or puppets of those who did not have good environmental goals.

It is understood that the Tesla Berlin factory is Tesla's fifth factory in the world and the second overseas factory after the Shanghai factory. It was completed in March 2023 and was first put into production of Model Y models. Under the condition of full capacity production, it can produce 500000 cars a year. It is worth mentioning that the construction of Tesla's Berlin factory was not easy and was hindered by environmental protection organizations at the early stage of its construction, because the construction of the factory needed to cut down a lot of forests, which environmental groups thought would cause damage to the environment. Local residents are also opposed to the construction of the factory, saying that deforestation will affect water resources and threaten local water quality and air quality.

On July 18, 2023, according to a document submitted to local officials, Tesla plans to double the size of the Berlin superfactory in Germany to an annual production capacity of 1 million vehicles, making it the most productive pure electric car factory in Europe. Tesla has submitted documents to the local area and obtained preliminary approval to carry out partial renovation of the factory, but he still has to wait until the completion of the environmental assessment study to obtain full approval. On February 20, 2024, the Greenhead government released the results of a referendum with high resident participation and most residents opposed the expansion of Tesla's factory. Although the referendum was not legally efficient and the final decision was left to the local government, the referendum result hindered Tesla's ambition to dominate the European tram market.

Or affected by this, Tesla US stocks opened low on March 4, closing down 7.16% at US $188.14. Tesla's US stocks fell again on March 5, closing at 3.93% to close at US $180.74, with a total market capitalization falling below US $600 billion.

Since the beginning of this year, Tesla's share price has fallen by more than 27%, Musk's personal wealth has also shrunk sharply, his position as the richest man in the world has been surpassed again, and Amazon founder Bezos has regained the position of the richest man in the world. Currently, Bezos has a net worth of $200 billion, followed by Musk with a net worth of $198 billion, while Bernard Arnault, CEO of luxury giant LVMH Group, ranks third in the world with a net worth of $197 billion.

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