TMN - Tesla

Tesla Rose amid Plans for Another Gigafactory

On Friday, Tesla had an increase in its stock price while its CEO Elon Musk searched for the best area to establish its new gigafactory.

Its stock price went up by 1.81% to $260.54 per share on June 16. Likewise, it is expected to rise by 0.36% to $261.49 apiece in the upcoming session.

Musk and French President Emmanuel Macron met for the second time in a month this week. As a result, rumors about the company building another European factory surfaced.

Moreover, Macron wants the Tesla factory to be built in France. He posted a simple message on Twitter encouraging the firm to work with them.

On the other hand, the president is balancing his desire for the factory while French regulators plan on banning Twitter. The platform must comply with the European Union Digital Services Act regulations. Besides, Musk owns both.

According to analysts, it would be great if Tesla had a factory in France since there was a lot of effort exerted on it. They added that the country invested in electric batteries, attempting to convince them that their nation was the best choice.

Currently, the electric vehicle maker has one Gigafactory in Europe. Despite France’s efforts to be the factory’s location, it was built in Germany. Furthermore, Musk met with the Italian prime minister while Spain was considered a potential new location.

Cybertruck from Tesla Landed in New Zealand

A Tesla Cybertruck prototype arrived in New Zealand and will likely undergo final winter testing. The truck is in the most highly anticipated electric vehicle program to be released this year.

More than a million reservation holders have been tracking it, trying to estimate the first deliveries. The company stated that they plan the delivery event around the end of Q3. Therefore, it would be by the end of September 2023.

Based on experts, Tesla told supplies to be prepared for Cybertruck launch candidates in August and October production.

In addition, it is unsurprising for the entity to have a vehicle in New Zealand. Besides, they used local grounds for winter testing previously.

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