Tesla Planned to Open Its First European Gigafactory Last Summer, It’s Still Waiting

The Wall Street Journal2022-02-21

BERLIN—When Rocco Pigola, a 59-year-old refinery worker from Bavaria who has owned six Tesla vehicles, heard about the electric-car maker’s new plant near Berlin, he jumped at the opportunity to order...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

TK360
2022-02-22
TK360
Nice move
Yellow Tiger
2022-02-22
Yellow Tiger
Tesla sucks
Yellow Tiger
2022-02-22
Yellow Tiger
stupid musk， go home and play with your doge. Hope tesla crash and burn🔥
rich9888H
2022-02-22
rich9888H
Too many remark surface on Tesla. Have some impact on the stock
Tanyl
2022-02-21
Tanyl
It seems like Tesla will grow again
Avg123
2022-02-21
Avg123
Good to know this 👍🏻

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1107055377?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-02-21 19:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1107055377","market":"us","top_or_hot":-1,"title":"Tesla Planned to Open Its First European Gigafactory Last Summer, It’s Still Waiting","media":"The Wall Street Journal","content":"<div>\n<p>BERLIN—When Rocco Pigola, a 59-year-old refinery worker from Bavaria who has owned six Tesla vehicles, heard about the electric-car maker’s new plant near Berlin, he jumped at the opportunity to order...</p>\n\n<a href=\"https://www.wsj.com/articles/tesla-planned-to-open-its-first-european-gigafactory-last-summer-its-still-waiting-11645439401?mod=hp_lead_pos6\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Planned to Open Its First European Gigafactory Last Summer, It’s Still Waiting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Planned to Open Its First European Gigafactory Last Summer, It’s Still Waiting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-21 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/tesla-planned-to-open-its-first-european-gigafactory-last-summer-its-still-waiting-11645439401?mod=hp_lead_pos6><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BERLIN—When Rocco Pigola, a 59-year-old refinery worker from Bavaria who has owned six Tesla vehicles, heard about the electric-car maker’s new plant near Berlin, he jumped at the opportunity to order...</p>\n\n<a href=\"https://www.wsj.com/articles/tesla-planned-to-open-its-first-european-gigafactory-last-summer-its-still-waiting-11645439401?mod=hp_lead_pos6\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.wsj.com/articles/tesla-planned-to-open-its-first-european-gigafactory-last-summer-its-still-waiting-11645439401?mod=hp_lead_pos6","article_id":"1107055377","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107055377","pubTimestamp":1645441831,"sourceInfo":null,"weMediaInfo":null,"summary":"BERLIN—When Rocco Pigola, a 59-year-old refinery worker from Bavaria who has owned six Tesla vehicle","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉计划去年夏天在欧洲开设第一家大型工厂，但它仍在等待","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"BERLIN—When Rocco Pigola, a 59-year-old refinery worker from Bavaria who has owned six Tesla vehicles, heard about the electric-car maker’s new plant near Berlin, he jumped at the opportunity to order a Model Y Performance.“I want to be the first person to drive a Tesla ‘Made in Germany,’” he said.For now, though, he and other German fans have to wait. Tesla Inc. officials say the plant’s machines are installed and have been producing preproduction test vehicles since late last year, but without the permit to operate commercially, the plant can’t increase and sell its vehicles.The factory’s opening, initially set for last summer, has been pushed back several times and there is still no official launch date.The main reason for the postponements was a decision Tesla made, compounded by Germany’s planning procedures, according to analysts and local authorities. Tesla didn’t respond to requests for comment on the delays.The plant in Grünheide, a hamlet surrounded by lakes and forest, is key for Tesla’s growth and profitability, analysts said. According to Tesla’s planning application and statements from management over the past two years, Tesla will first build the Model Y at the plant, which will have capacity for around 500,000 vehicles a year.Tesla reported global sales of 936,222 vehicles in 2021, an 87% increase from the year before. Analysts forecast the company could sell up to 1.5 million cars world-wide this year. The German plant will allow it to serve European auto markets without relying on expensive imports from its Chinese and U.S. factories.The latest forecast opening date to come and go was last fall. Tesla Chief Executive Elon Musk said on several occasions the plant would begin building a small number of cars by the end of 2021, and likely begin deliveries in early 2022, but that ramping up to full production would take time.“It will take a longer time to reach high-volume production than it took to build the factory. It’s really difficult,” he said at the Grünheide plant in October.In a way, Tesla has delivered: The plant is ready to produce cars. The regional economics ministry confirmed in January that Tesla had purchased a section of railroad track to run a shuttle between nearby Erkner and the plant to ease workers’ commute. Germany’s powerful industrial labor union, IG Metall, said it has opened an office outside the plant to organize the workforce. Customers are putting in orders for cars to be built there.What is missing to kick off commercial production is the final planning approval.Environmental opposition to the plant explains some of the delays, but the biggest delay, regional officials and analysts said, was caused by Tesla’s late application to build a battery plant that wasn’t included in the original permit application.“That cost them an additional six months,” said Stefan Bratzel, director of the Center of Automotive Management, a research institute in Germany. Even so, he said, “the plant is going up in record time.”The Brandenburg state government said it used fast-track laws created in the wake of German reunification to accelerate the approval process. The state has issued preliminary approval for the plant in stages, allowing Tesla to construct the plant and build a few vehicles to test systems, but preventing commercial production until final approval.Under German law, Tesla had to submit an environmental impact study that was open to public comment. During this process, citizens and environmental groups raised concerns about the plant’s impact on the local environment. The state collected more than 800 individual complaints during public hearings in 2020 and 2021.State officials have said they need to study each objection and make any required changes to the plant to ensure that the final permit can withstand any legal challenges after the plant has officially opened.A spokeswoman for the Brandenburg environment ministry said that the approval process was in the final phase, but that she couldn’t name a date for approval.If approved, the plant could still face roadblocks. A concern expressed by local citizens and by environmental groups is that the plant and service providers who may subsequently locate in the area could use too much water, threatening residents’ supply. Most of these lawsuits were dismissed by the courts.Environmental activists have sued to block a utility provider from increasing the water it draws from the ground to serve the Tesla plant via a second utility. If the court sides with the plaintiffs, the water company says it would have a shortfall so large that the entire community would be affected.“In a nutshell: No water—no Tesla,” the Wasserverband Strausberg-Erkner company said.Analysts say it is unlikely that approval will be withheld for the factory dubbed Giga Berlin. Such a decision, which could require Tesla to pack up the plant and return the land to its original state, would likely scare investors away from Germany for years, they said.Back in Bavaria, Mr. Pigola said he placed his order for a Model Y Performance car in September and was given a preliminary delivery date in January. He says he got a call in November telling him that the vehicle probably won’t be ready until March, and that his choice of a white model would take even longer.“I changed to black,” he said. “I still don’t have a firm delivery date.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9097227163,"gmtCreate":1645487783487,"gmtModify":1676534031560,"author":{"id":"3574766349354741","authorId":"3574766349354741","name":"TK360","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574766349354741","authorIdStr":"3574766349354741"},"htmlText":"Nice move&nbsp;","listText":"Nice move&nbsp;","text":"Nice move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097227163","repostId":1107055377,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097266582,"gmtCreate":1645486480005,"gmtModify":1676534031244,"author":{"id":"4107177846885060","authorId":"4107177846885060","name":"Yellow Tiger","avatar":"https://static.itradeup.com/news/dac7fa409cf503dac070415f992e4a98","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4107177846885060","authorIdStr":"4107177846885060"},"htmlText":"Tesla sucks","listText":"Tesla sucks","text":"Tesla sucks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097266582","repostId":1107055377,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097266893,"gmtCreate":1645486447439,"gmtModify":1676534031138,"author":{"id":"4107177846885060","authorId":"4107177846885060","name":"Yellow Tiger","avatar":"https://static.itradeup.com/news/dac7fa409cf503dac070415f992e4a98","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4107177846885060","authorIdStr":"4107177846885060"},"htmlText":"stupid musk， go home and&nbsp;play with your doge. Hope tesla crash and burn🔥&nbsp;","listText":"stupid musk， go home and&nbsp;play with your doge. Hope tesla crash and burn🔥&nbsp;","text":"stupid musk， go home and play with your doge. Hope tesla crash and burn🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097266893","repostId":1107055377,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097261669,"gmtCreate":1645486172259,"gmtModify":1676534031091,"author":{"id":"3578090151890801","authorId":"3578090151890801","name":"rich9888H","avatar":"https://static.tigerbbs.com/302dcd19af3f2e77b41a1d01cd84d518","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3578090151890801","authorIdStr":"3578090151890801"},"htmlText":"Too many remark surface on Tesla. Have some impact on the stock","listText":"Too many remark surface on Tesla. Have some impact on the stock","text":"Too many remark surface on Tesla. Have some impact on the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097261669","repostId":1107055377,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097645567,"gmtCreate":1645454696587,"gmtModify":1676534029324,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4087109808120260","authorIdStr":"4087109808120260"},"htmlText":"It seems like Tesla will grow again","listText":"It seems like Tesla will grow again","text":"It seems like Tesla will grow again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097645567","repostId":1107055377,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097684463,"gmtCreate":1645444007961,"gmtModify":1676534028340,"author":{"id":"3586313646240085","authorId":"3586313646240085","name":"Avg123","avatar":"https://static.tigerbbs.com/1396c9a9a31b9f626014d1f142fd2839","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1,"idStr":"3586313646240085","authorIdStr":"3586313646240085"},"htmlText":"Good to know this 👍🏻","listText":"Good to know this 👍🏻","text":"Good to know this 👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097684463","repostId":1107055377,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":81,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107055377"}