Giga Berlin To Break On 5 Days This Month As Tesla Rolls Out Efficiency Upgrades
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) will halt production for five days in June at its Berlin gigafactory to implement efficiency upgrades. This is the third production halt this year, following an arson attack in March and a one-day shutdown in May due to protests. Despite these interruptions, Tesla plans to expand the factory's capacity significantly.
June 05, 2024 | 10:02 am
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Tesla will halt production for five days in June at its Berlin gigafactory to implement efficiency upgrades. This is the third production halt this year, following an arson attack in March and a one-day shutdown in May due to protests. Despite these interruptions, Tesla plans to expand the factory's capacity significantly.
The production halt is a short-term disruption but is aimed at long-term efficiency improvements. The previous halts did not have a lasting negative impact on Tesla's stock, and the planned expansion could be a positive long-term catalyst.
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