Tesla Stock Falls 3.6% in Morning Trading.
Tesla Pauses Berlin Plant After Ending Shaky Quarter With a Production Milestone.
On Monday, TeslaMag said the carmaker’s plant near Berlin will take a two-week break starting July 11. The German site reported that Tesla aims to roughly double its production rate from August, citing an unidentified source. The company built 1,000 Model Ys at the factory during at least one week last month.
Tesla didn’t mention these plans in its July 2 production and deliveries statement. The carmaker offered an upbeat line -- it made more vehicles in June than any month in its history -- while disclosing 254,695 deliveries for the quarter, short of analysts’ estimates.
Whereas Shanghai is Tesla’s most productive plant, its factories near Berlin and Austin, Texas, are only just getting going. Musk staged an opening party at the former on March 22 and at the latter on April 7.
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