•   
  •   

Money Musk: Tesla plant near Berlin becomes world's largest battery factory - share at record high

17:30  24 november  2020
17:30  24 november  2020 Source:   finanzen.net

Australia to build $800million factory to make vaccines, anti-venom

  Australia to build $800million factory to make vaccines, anti-venom Australia will safeguard its supply line of influenza vaccines with $1.8 billion to be spent on making the nation self-sufficient, and not dependent on global supply chains for influenza vaccines in a pandemic. Seqirus, a subsidiary of biotech giant CSL Limited, will build the cutting-edge factory at Tullamarine's Melbourne Airport Business Park, on land provided by the Victorian Government. © Provided by Daily Mail Pictured: a worker at Seqirus's U.S. factory at Holly Springs, North Carolina.

By Simon Alvarez. Posted on November 24, 2020. During the European Battery Conference organized by the Federal Ministry of Economics, Tesla CEO Elon Musk mentioned a key detail about the electric car maker’ s plans for its local battery cell production plans.

Musk said via Twitter that Tesla "will build batteries , powertrains and vehicles, starting with Model Y" lower-priced sports utility vehicle at the factory . Musk is visiting Berlin for the annual Goldene Lenkrad (Golden Steering Wheel) automotive awards organized by car magazine Autobild, an offshoot of the

Tesla boss Elon Musk wants to make the future plant of the electric car manufacturer near Berlin also the world's largest battery factory.

Peter Bischoff/Getty Images © Provided by Finanz.net Peter Bischoff / Getty Images

This was announced by Musk on Tuesday in a video-broadcast appearance at a conference on the European battery industry.

Tesla plans to build around 500,000 compact Model 3 and Model Y cars in Grünheide near Berlin. It is the first plant to manufacture both cars and batteries. Musk also announced new compact models especially for the European market and longer ranges than before. He did not provide any information on time periods.

After release in China: New version of the Tesla Model 3 is apparently also coming to Europe

 After release in China: New version of the Tesla Model 3 is apparently also coming to Europe After the US electric car manufacturer Tesla recently released an improved and cheaper version of its entry-level vehicle Model 3 in China, the company also appears to be the European model To update. © Provided by Finanz.net Hannelore Foerster / Getty Images • Model 3 in Europe with increased range • Battery performance obviously improved • Panasonic plans prototype for powerful Tesla battery Video: The Land Rover Discovery Sport Highlights (AutoMotoTV) Updated model available in Europe Just r

BERLIN — Tesla plans to open a factory near Berlin that would make batteries , powertrains and Mr. Musk provided few details about the plant , which would be Tesla ’ s first major factory in Europe Germany, Europe’ s biggest economy, is quickly becoming the European battleground for building

Tesla and Berlin Are a Perfect Match. Elon Musk has good reasons to choose a German tech Elon Musk ’ s announcement that Tesla Inc. will build a factory and a research center near Berlin makes That could even justify the large differential in workers’ wages: While the average Tesla assembly

The Tesla boss had already announced in September that batteries were only half as expensive and an electric car for 25,000 dollars for the next three years. On Tuesday he said that the more environmentally friendly, cheaper and more powerful batteries should be manufactured in Berlin. Tesla needs large battery packs for the electric semi-trailer truck, which is currently being prepared for market launch, and for the future cybertruck pickup.

The President of the Association of the Automotive Industry (VDA), Hildegard Müller, spoke of "strong news" for Germany as an automotive location. "With the support of Federal Economics Minister Peter Altmaier (CDU), the largest battery factory in the world is being built." We welcome the project, to manufacture the most environmentally friendly battery cells in Germany. This will create 10,000 jobs. "

Tesla's S&P 500 entry could spark a $8 billion buying spree, Goldman Sachs says

  Tesla's S&P 500 entry could spark a $8 billion buying spree, Goldman Sachs says Large-cap mutual funds are on the verge of fuelling a massive rally for Tesla shares, Goldman Sachs said Thursday. The automaker is set to join the S&P 500 on December 21 as one of its 10 most valuable members. Of the 189 large-cap core funds tracked by Goldman, 157 funds managing roughly $US500 billion don't yet hold Tesla stock, the bank said. If the funds aim to hold Tesla at benchmark weight when it joins the index, they will buy about $US8 billion worth of shares soon after the automaker's inclusion, Goldman added. Watch Tesla trade live here.

While Elon Musk advances his sustainability agenda, his ‘environmentally-friendly’ venture Tesla wages – and wins – a legal battle with locals who Musk repeatedly insisted that electric cars are the future of fossil-fuel free transportation, once telling the public that Tesla ’ s “fundamental good” is

“ Near -term momentum and sentiment around the stock is admittedly very strong, but we ultimately question the sustainability of the momentum,” said The company’ s steep rise in value also hasn’t stopped the short sellers, who are betting on the share price taking a dive; Musk has described them

Tesla has so far produced batteries in Nevada, while the majority of vehicles are built at the parent plant in Fremont, California. Last year, the car manufacturer also opened a plant in China.

The" European Conference on Batteries "was held in During the German EU Council Presidency organized by Federal Minister of Economics Altmaier.

The EU conference dealt with the two major European battery alliances with already 500 industrial participants and more than 60 companies. The first of the two projects of common European interest (IPCEI) with seven EU member states had already been approved under state aid law a year ago and supported with 3.2 billion euros. Participants include the car manufacturer BMW , the chemical company BASF and the battery manufacturer Varta .

The second consortium is "in the final phase "and shortly before the end, said the Vice President of the EU Commission, M aros Sefcovic. "It would be best if that could be done before the end of the year." Tesla had expressed an interest in participating. Altmaier has not yet announced whether the US electrical manufacturer is actually among those involved. "We remain true to our tradition: only when the IPCEIs have been applied for and approved will we make the details public." According to Altmaier,

Musk originally wanted to record a video message for the battery conference, but then took part in person. "That was a very important confirmation that our cooperation is on an important path, as a European, also with Elon Musk," said Altmaier. The CDU politician also emphasized that he was working with many companies from Asia, such as the battery manufacturers SVOLT or CATL, which is building a factory in Erfurt, Thuringia. "We don't see the whole thing as either or, but as both and."

In early NASDAQ trading, Tesla shares temporarily rose 3.19 percent to $ 534.70. BERLIN (Dow Jones) / BERLIN (dpa-AFX)

Fear of Yahoo Scenario: Will Tesla's Rating and Promotion into the S&P 500 Mean the End? .
For a long time there was speculation about the rise of the Tesla share in the broad US S&P 500 index. With the latest quarterly balance sheet, the e-car manufacturer once again proved its profitability and the rise was a done deal a short time later. But should investors really be happy about that? © Provided by Finanz.net Mario Vedder / Getty Images • Tesla will rise in the S&P 500 on on December 21, 2020 • Investors reacted euphorically to report • Bloomberg expert sees the rise as the begin

usr: 3
This is interesting!