Tesla wants to expand Grünheide, but group profit declined
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Tesla plans to increase production at its plant in Grünheide near Berlin, but new quarterly results show pressure on the profitability of the entire company. The American electric vehicle maker delivered more cars in the second quarter, but adjusted profit fell to 33 cents per share and missed market expectations. hnonline.sk ↗
The plans for the German plant are based on a business report from Tesla Manufacturing Brandenburg SE. The company wants to significantly increase production volume in the 2026 business year, as demand for electric cars is rising again. The plant in Brandenburg is to supply more than 30 markets, and according to more recent information, production could reach up to 375,000 cars. Tesla also plans to expand battery production and create approximately 3,500 new jobs. teraz.sk ↗
At the same time, however, the group is facing higher costs. Spending on artificial intelligence, robotics, and robotaxis is reducing profit from car sales, even though revenues grew. Tesla shares initially fell by about three percent in after-hours trading following the release of the results. Elon Musk also left open speculation about a possible merger between Tesla and SpaceX. Le Figaro ↗
Further developments in Grünheide will depend on whether the renewed demand for electric vehicles is sustained and whether the high investments in new technologies do not strain the company's financial capacity. The German plant remains an important production site for Tesla in Europe, but its expansion will take place at a time when investors are watching for returns on costly projects outside traditional car sales. Welt ↗
The plans for the German plant are based on a business report from Tesla Manufacturing Brandenburg SE. The company wants to significantly increase production volume in the 2026 business year, as demand for electric cars is rising again. The plant in Brandenburg is to supply more than 30 markets, and according to more recent information, production could reach up to 375,000 cars. Tesla also plans to expand battery production and create approximately 3,500 new jobs. teraz.sk ↗
At the same time, however, the group is facing higher costs. Spending on artificial intelligence, robotics, and robotaxis is reducing profit from car sales, even though revenues grew. Tesla shares initially fell by about three percent in after-hours trading following the release of the results. Elon Musk also left open speculation about a possible merger between Tesla and SpaceX. Le Figaro ↗
Further developments in Grünheide will depend on whether the renewed demand for electric vehicles is sustained and whether the high investments in new technologies do not strain the company's financial capacity. The German plant remains an important production site for Tesla in Europe, but its expansion will take place at a time when investors are watching for returns on costly projects outside traditional car sales. Welt ↗
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (15)
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
The Guardian
| 23:01 22.07.
Elektroauto-Vorreiter: Tesla mit weniger Gewinn und höheren Kosten
Tagesspiegel
| 04:42 23.07.
Elektroauto-Vorreiter: Tesla mit weniger Gewinn und höheren Kosten
Die Zeit
| 04:40 23.07.
Elon Musk laisse planer l’hypothèse d’une fusion entre Tesla et SpaceX
Le Figaro
| 03:47 23.07.
Earnings at Musk's car company fall as research spending cuts into profit from selling cars
Independent
| 23:10 22.07.
Quartalszahlen: Tesla macht weniger Gewinn als im Vorjahr
Die Zeit
| 05:19 23.07.
Sinkende Aktie: Tesla verbrennt Geld für KI und Robotik
Der Standard
| 23:14 22.07.
Elektroauto-Vorreiter: Tesla verfehlt Gewinnerwartung der Wall Street
Tagesspiegel
| 23:01 22.07.
Elektroauto-Vorreiter: Tesla verfehlt Gewinnerwartung der Wall Street
Die Zeit
| 23:00 22.07.
Tesla will Produktion in Deutschland deutlich steigern und Werk in Grünheide erweitern
Welt
| 16:32 19.07.
Bővíteni tervezi grünheidei gyárát a Tesla
Index.hu
| 11:29 19.07.
Tesla chce rozšíriť výrobu v Grünheide pri Berlíne
HotInfo
| 11:02 19.07.
Tesla-Werk Grünheide: Tesla will Auto-Produktion in Grünheide ausbauen
Die Zeit
| 09:19 19.07.
Grünheide: Tesla will in Deutschland expandieren
Spiegel.de
| 08:16 19.07.
Elektroautos: Tesla peilt in Deutschland Expansion an
Tagesspiegel
| 06:01 19.07.
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