Hyperdrive
Tesla’s German Plant Stays Halted in Further Blow to Outlook
- Company has cautioned it can’t say when production will resume
- Baird sees ‘meaningfully lower’ deliveries this quarter
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Tesla Inc.’s factory near Berlin has yet to reopen one day after a nearby electricity tower was set ablaze, adding to strains on the carmaker expecting slower growth this year.
The company has cautioned it’s unable to say when production can resume at its plant in Gruenheide, Germany, where locals have opposed Tesla clearing more forest for an expansion. The factory has topped out making around 6,000 Model Y sport utility vehicles a week.