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119 shares, 332 points

Billionaire Elon Musk’s electric car company Tesla , which sold a total of 500 thousand vehicles in 2020, has recently been struggling to deliver their new cars to their customers on time. In some cases, these delays were reported to last for months.

But today the company’s shares have seen an increase of more than 5 percent, making CEO Musk , the richest person in the world, as much as $12 billion . The reason for this increase in the company’s shares is that production will start shortly after at the Gigafactory , the company’s factory in Germany , where the construction works were suspended for a while due to some reasons. It was also instrumental in the case when Musk invited his employees to lower the series of delivery costs.

A big step forward for Tesla

The Gigafactory was originally scheduled to start production in the summer of 2021; however, the construction of the factory was interrupted due to the objections of the environmental activistdollar series .

German automotive news site Automobilwoche said it’s only a matter of time before the environmental permits for Tesla’s new production facility in the country are imminent, and Gigafactory will soon in the next few days . reported to start production. It can be said that this is a very big step for Tesla, which aims to increase its production capacity.

Prior to this, Tesla announced that its new factory near Berlin; announced that it will be equipped with a production technology that makes the production process much more automated and simplifies it. This means that the production power of the factory will be high. Clear information about the opening date of the factory has not been shared yet.


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Michael Lewis

Emperor

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