As expected, Tesla has delivered the first vehicles from its new factory to clients in Germany. The event marked the beginning of production of the Model Y, which is priced at 63,990 euros. The car has a range of 514 km and costs 63,990 euros. The company also invited German Chancellor Olaf Scholz to the event. Despite the delays, the company is excited to see the vehicles on the roads.
The opening of the Gigafactory in Germany comes just as top U.S. securities regulators urged a federal judge not to let Elon Musk back out of a Twitter monitoring agreement. The U.S. company is accused of a harassment campaign, which it denies. However, Tesla’s CEO has publicly backed the plant. The factory is expected to produce around 500,000 cars annually.
The company has made plans to build a Gigafactory in Germany. The company hopes to build up to 500,000 vehicles per year from the Grunheide site. The German government gave the company the go-ahead on March 4 this year, but the plant still has to meet stringent air pollution and water-use regulations. As a result, some analysts at Deutsche Bank said they were concerned about the future of the plant.
The company also says the new factory will increase production by up to 50 percent a year. Though the company has faced some legal issues in the past, it seems that the factory is now up and running. Despite the problems and obstacles, Tesla is optimistic about its plans and has a different culture of risk than other companies.
The new Gigafactory will be in the area of Gruenheide. This is where the Gigafactory will manufacture EVs in the future. The facility has been built since 2015, and the new factory is the first one in Europe to be commissioned. The production will ultimately produce up to 500,000 Model Y vehicles per year, making it the largest EV factory in the world.
The Gigafactory is a huge investment in Germany. During the construction phase, environmental groups protested the factory, but the company was able to get the permits and start producing cars. This is a huge step forward for the US-based firm. It is one of the first European manufacturing facilities, and as expected first models from the Gigafactory are delivered to its 30 customers on 22nd March 2022.