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First Berlin Teslas could come next month, Musk tells fans

Stock MarketsOct 10, 2021 12:36AM ET
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4/4 © Reuters. FILE PHOTO: SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi 2/4

By Nadine Schimroszik

GRUENHEIDE, Germany (Reuters) -The first cars to emerge from Tesla (NASDAQ:TSLA)'s new Berlin factory should roll off the production line as early as next month, CEO Elon Musk said at the site of the plant on Saturday, but added that volume production would take much longer to achieve.

Musk hopes to get the green light in coming weeks to start production at the site. The latest consultation on public concerns towards the site closes on Oct. 14, after which the Environment Ministry will make a decision.

"Starting production is nice, but volume production is the hard part," Musk told a cheering audience at a festival at the plant site, many of whom livestreamed the speech on social media. "It will take longer to reach volume production than it took to build the factory."

He said volume production would amount to 5,000 or "hopefully 10,000" vehicles per day, and battery cells would be made there in volume by the end of next year.

He also defended the factory against critics of its environmental impact, saying that it used "relatively little" water and that battery cell production was "sustainable".

Some local residents and environmental groups are unhappy https://www.reuters.com/business/autos-transportation/teslas-gigafactory-electrifies-california-germany-culture-clash-2021-10-07 with Musk's approach, which they say flies in the face of German business culture.

"I would tell him to stop building electrocars but rather fly to Mars," said Manu Hoyer, who led a small protest of locals who oppose the project on environmental grounds, saying it will pollute drinking water.

Brandenburg's economy minister has put the chances of the factory gaining approval to operate at 95%.

Tesla has submitted plans to invest 5 billion euros ($5.8 billion) in a battery plant with 50 GWh capacity next to the site, outstripping Volkswagen (DE:VOWG_p)'s planned 40GWh capacity site in Salzgitter.

Musk said Tesla was worried that recruiting sufficient staff would be an issue, calling for people to apply from "all over Europe".

He said he hoped the battery plant would reach volume production by the end of next year.

POPSTAR RECEPTION

The company offered 9,000 tickets to the festival, with residents of Brandenburg state given priority.

"Look, Mummy! A Tesla," shouted an excited 9-year old called Emil, one of many children lined up with parents waiting for a 90-minute site tour.

Fans cheered and laughed when Musk took the stage at sunset, welcoming him like a popstar.

"This day is unique," said Tesla fan Fred Schroeder. "The Tesla factory in Germany will be opened to the public for the first time. That is a very special day."

Another had driven his Tesla from Milton Keynes in Britain, despite not having a ticket. He said it was worth it just to see the site from the outside.

($1 = 0.8649 euros)

First Berlin Teslas could come next month, Musk tells fans
 

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Comments (8)
William Smith
William Smith Oct 10, 2021 3:53PM ET
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Elon has never ever met a date forecast so I'm betting against it.
Ron Raymond
Ron Raymond Oct 10, 2021 5:33AM ET
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If approved, nice short term long then it will turn into a short longer term.
William Smith
William Smith Oct 10, 2021 5:33AM ET
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So true. I see the new EV's being advertised by other auto manufacturers and I'm surprised the stock jasmt started th he big gal already. That coupled with new battery technology that will make the Tesla battery technology obsolete. Ask Woolworth's, Sears amd KMart about how easy it is to stay on top as new players arrive on the scene.
Lawrenti Berija
Lawrenti Berija Oct 10, 2021 12:38AM ET
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very old he looks. No backbone nor muscles to fill the leather jacket with. 🤡, but a very very rich such. Dah!
Benoit Avril
Benoit Avril Oct 10, 2021 12:38AM ET
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He is about to 50 yo, I bet you will look older at that time.
Filipe Pereira
Filipe Pereira Oct 10, 2021 12:38AM ET
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He got more Brain muscles then you, far, far more then you, and physicly looks strong, what you means after all?
Mike Aiello
Mike Aiello Oct 09, 2021 2:56PM ET
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it that true? 5,000 to 10,000 cars per day out of that factory? i don't think that is an accurate number.
Millennial Metals
Millennial Metals Oct 09, 2021 11:43AM ET
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Enron Musk the theif and snake oil salesman
Bedgelin Taka
Bedgelin Taka Oct 09, 2021 11:43AM ET
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wow,
Bedgelin Taka
Bedgelin Taka Oct 09, 2021 11:43AM ET
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wow,
Bogdan Denysiuk
Bogdan Denysiuk Oct 09, 2021 5:20AM ET
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didn't get a ticket
Amarachi Chioma
Amarachi Chioma Oct 09, 2021 5:20AM ET
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how does the investment works
Paul Sutton
paulsmith007 Oct 09, 2021 3:03AM ET
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Hes such a ***
Minh Nguyen
Minh Nguyen Oct 09, 2021 3:03AM ET
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Why being such a *****
Nụkaka Loney
Nụkaka Loney Oct 09, 2021 2:27AM ET
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yen
Michael John
Michael John Oct 09, 2021 2:27AM ET
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