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Tesla Bolsters EV Enthusiasm With German Factory

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Tesla Bolsters EV Enthusiasm With German Factory

Some of the most impactful automotive innovations were pioneered by organizations such as Ford Motor Company (NYSE: F) and Toyota Motor Corporation (NYSE: TM).

Now, Tesla Inc (NASDAQ: TSLA), despite economic and geopolitical challenges, is on its way to making an imprint on the next generation of productive innovation with the development of a factory in Berlin, Germany.

Ahead Of Others

The next Gigafactory is poised to be online by the middle of 2021. This means Tesla will have a manufacturing footprint in the world's 3 most important auto markets.

Additionally, the company is working on a second U.S. auto plant which will produce the company's Cybertruck.

Aside from its rampant innovation time schedule, Tesla enjoys high customer loyalty and is the more valuable by stock-market value than Detroit's Big 3: General Motors Company (NYSE: GM), Ford, and Fiat Chrysler Automobiles (NYSE: FCAU) combined.

Breaking The Norm

Tesla due to issues surrounding its heavily automated assembly line for the Model 3, created a temporary structure in the parking lot of its California plant. The tented assembly line is part of an effort that helped Tesla achieve a record of 250,000 deliveries in 2019.

Leading The Manufacturing Revolution

If Tesla can bring its German factory online by mid-2021, the company will emerge from the coronavirus ahead its peers. 

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com

Photo by Craig Adderley from Pexels.

 

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