<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong>'s <span>TSLA</span> Gigafactory near Berlin in Germany has said that it would adjust its production figures, anticipating a surge in demand during the third and fourth quarters of the year.</p><p><em>Check out the current price of</em><em> </em><em>TSLA stock here</em><em>.</em></p><h2>Strong Sales Figures</h2><p>The news was shared by Tesla's head of production in Germany, <strong>André Thierig</strong>, on Sunday outside the Gigafactory in Grünheide outside Berlin in a statement to local news agency Deutsche Presse-Agentur (DPA), cited by Reuters. &#34;We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards,&#34; Thierig said.</p><p>Thierig also said that the company has received &#34;positive signals&#34; from the various markets the factory supplies to. It's worth noting that the factory serves over 37 markets across the globe, including Europe, the  Middle East and Taiwan.</p><h2>Tesla's Berlin Battery Incident, Falling European Sales</h2><p>Tesla's factory in Berlin had recently reported a fire incident, which led to the factory being evacuated after battery cells fell from the conveyor belt onto the floor, triggering the incident. No injuries or fatalities were reported in the incident.</p><p>Despite Thierig's comments, however, Tesla's sales in Europe have declined, with the EV giant reporting a 40.2% drop in Europe during August. Tesla's slip has also coincided with <strong>BYD Co. Ltd.</strong>'s <span>BYDDY</span> <span>BYDDF</span> rise in the region.</p><h2>Tesla's Stock Surges Despite US Market Share Drop</h2><p>The company's stock surged following reports that suggested Elon Musk's automaker was set to beat analyst expectations for Q3 deliveries as experts like <strong>Dan Ives </strong>reiterate their bullish stance on TSLA stock.</p><p>However, experts like <strong>Ross Gerber</strong>, on the other hand, have cautioned the surge, saying that the company's sales rush was driven by the fast-approaching September 30 deadline for the $7,500 EV credit.</p><p>Elsewhere, Tesla's market share in the U.S. has dropped to below 40% for the first time since 2017, signaling a decline in units sold. Tesla has also reportedly discontinued the Cybertruck's RWD Long Range variant.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link</em><em>.</em></p><ul> <li>Tesla Model Y L Averaging Over 10,000 Daily Orders Since Launch, Received 120,000 Orders To Date: Report</li> </ul><p><em>Photo courtesy: Trygve Finkelsen on Shutterstock.com</em></p></div></div></div>

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<p>Tesla's Gigafactory in Germany plans to increase production in Q3 and Q4 due to strong sales figures, according to production head André Thierig. The factory, which serves over 37 markets, has received positive signals from various regions. Despite a recent fire incident, Tesla's stock has surged amid expectations of beating Q3 delivery estimates. However, the company faces challenges with a 40.2% sales drop in Europe and a decline in U.S. market share, now below 40% for the first time since 2017.</p>

- Tesla Inc. plans to increase production at its Berlin Gigafactory due to strong sales figures and positive market signals, as stated by production head André Thierig.  
- Despite this optimism, Tesla experienced a 40.2% decline in European sales in August, coinciding with increased competition from BYD Co. Ltd.  
- Additionally, Tesla's U.S. market share has fallen below 40% for the first time since 2017, indicating challenges in unit sales.

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Tesla Gigafactory In Germany To Boost Production In Q3, Q4 Amid 'Very Good Sales Figures'