VCR - Tesla's Challenges Mount in Europe with Arson Incident and Expansion Setbacks | Benzinga
Tesla Inc’s (NASDAQ:TSLA) European Gigafactory near Berlin experienced a production halt and power outage due to a suspected arson attack on an electricity pylon nearby early on Tuesday. The stock price dropped close to 2% after the update.
Although the fire did not reach the Tesla facility, it necessitated the evacuation of the site and the cessation of production.
This event adds to Tesla’s recent challenges in Europe, including union demands in the Nordics and disruptions caused by attacks on shipping in the Red Sea, Reuters reports.
German authorities are investigating the potential arson with a comprehensive approach amidst previous environmental protests against the factory initiated by CEO Elon Musk two years ago.
Media reports of bomb disposal units being deployed ...