tl;dr
Tesla (NASDAQ:TSLA) will suspend production at its factory in Gruenheide for four days, according to German publication Handelsblatt. The shutdown is expected to begin with the late shift on Wednesday and last until production is resumed with the night shift on Sunday. The planned shutdown is due to...
Tesla (NASDAQ:TSLA) will suspend production at its factory in Gruenheide for four days, according to German publication Handelsblatt. The shutdown is expected to begin with the late shift on Wednesday and last until production is resumed with the night shift on Sunday. The planned shutdown is due to announced multi-day protests against Tesla (TSLA) and its expansion plans for Grünheide. Notably, activists have scheduled a rally for in front of the factory gates on Friday. Tesla (TSLA) informed the Gigafactory workforce of the development in an email on Monday. Tesla (TSLA) said it made the decision after receiving a recommendation from local authorities. The police in the region are not yet expecting any riots. For employees in vehicle production, Friday was already considered a bridge day. The electric vehicle maker mentioned disruptions in Berlin during its Q1 earnings call when detailing some of the reasons that revenue sequentially during the quarter. Shares of Tesla (TSLA) were down 2.75% at 11:51 a.m.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. The company's current product lineup includes electric cars, battery energy storage solutions, solar panels, solar roof tiles, and related products and services. In 2020, Tesla achieved the highest sales in the plug-in and battery electric passenger car segments, securing 16% of the plug-in market and 23% of the battery-electric market.
Additionally, through its subsidiary Tesla Energy, the company is a prominent developer and installer of solar photovoltaic energy generation systems in the United States. Tesla Energy also stands as one of the leading global suppliers of battery energy storage systems, having supplied 3 GWh of battery storage in 2020.
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Market Cap: 589.24 billion
Current Price: $47.13
Dividend Yield: None
P/E Ratio: 3.92
EPS: 29.8
Beta: 0.144
Revenue: 94.75 billion
Net Income: 166.46
Debt to Equity: -0.534
Return on Equity: -0.087
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