BERLIN, Sept 14 (Reuters) - U.S. electric carmaker Tesla (TSLA.O) plans to raise production at its German plant for the rest of the year due to strong sales, the head of the Gruenheide factory told Germany’s DPA news agency on Sunday.
“We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards,” André Thierig, manager of the Gruenheide plant outside Berlin, told DPA.
Germany is a tough market for Tesla due in part to stiff competition from Chinese rivals. Elon Musk’s political activity may also have affected demand, say analysts.
In July, Tesla’s sales volumes more than halved from a year earlier to 1,110 cars and in the January-July period, sales were down 57.8%, according to the KBA road transport agency.
Thierig said the company was seeing positive signals for all markets the factory supplies, adding that went beyond Germany.
“We supply well over 30 markets and definitely see a positive trend there,” he told DPA.

TSLA

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

Tesla plans to increase production at its German plant due to strong sales, according to factory manager André Thierig. Despite facing stiff competition in Germany, Thierig noted positive sales trends across over 30 markets. However, Tesla's sales in Germany have significantly declined, with a 57.8% drop in the January-July period compared to the previous year. The company has revised its production plans upwards for the third and fourth quarters in response to the improved sales figures.

- Tesla plans to increase production at its German plant for the remainder of the year due to strong sales, according to the factory manager.  
- Despite facing stiff competition in Germany, the company has revised its production plans upwards for the third and fourth quarters.  
- The factory manager noted positive trends across all markets supplied by the plant, indicating a broader recovery beyond Germany.  

Reuters

Tesla

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Tesla's German plant plans to lift production, factory boss tells DPA news agency