Overview
- Tesla plans to make up to 8 GWh of battery cells per year at its Gruenheide site beginning in 2027, according to a statement cited by Reuters.
- The company is adding a further three‑digit‑million‑euro sum, lifting total spending on the local cell factory to roughly €1 billion.
- Tesla shares rose about 2.15% to roughly $486 following reports of the expanded battery investment in Germany.
- Plant head André Thierig said permits for cell production are in place, the ramp will create hundreds of jobs, and operations will not increase water use.
- The expansion supports vertical integration and supply resilience as the EU unveils a €1.8 billion Battery Booster that offers interest‑free loans to cell producers.