Investor's Corner
Tesla is pushing to stay on schedule with Giga Berlin and Brandenburg officials want to help
Tesla wants to start producing its electric vehicles at its Giga Berlin facility in Germany in July 2021, and the Brandenburg local government, who is overseeing the approval of the project, is willing to help.
Reports out of Germany suggest that some of Tesla’s most prominent supporters within local government agencies, including Brandenburg’s Minister of Economic Affairs Jörg Steinbach, are willing to prolong exemptions to allow the company to stay on schedule with the construction of its production plant.
According to Sueddeutssche, the Brandenburg state government is willing to take advantage of the “limits of licensing practice.” This move would allow Tesla to begin construction of its German facility as long as the company assumes the risk. If the Brandenburg government were to deny Tesla’s application to break ground on construction, the company would be responsible for restoring the land to its original state.
The efforts to keep the project moving forward became apparent after Steinbach stated Tesla emphasized its ambition to keep the project on time. Steinbach has been one of the company’s most vocal supporters, citing the financial help the company’s presence would provide to the country. “The Tesla factory is a project that can also be an anchor on which others can stand up,” Steinbach said.
Typically, the government is required to listen to objections from local citizens who are concerned about issues a new business may cause. Tesla’s most significant problems, according to residents, were environmental, citing tree removal, and water consumption as their more prominent concerns.
However, this process cannot take place generally due to the social distancing regulations that are currently in place due to the coronavirus pandemic. Some suggested an online platform for the meeting so the company and government can confront environmental concerns. Still, the Federal Immission Control Act states the hearing must be accessible to everyone. The online format for the meeting does not fit this template, Sueddeutssche reports.
Others believe the meeting should still take place in person. Frauke Zelt, a member of the Ministry of the Environment in nearby Potsdam, said, “The replacement date has been postponed to a later date, which cannot yet be named.” Initial production dates for Tesla could delay to later in 2020 if the government plans to maintain an in-person meeting. Zelt added that there are “no special regulations for individual procedures, even if they are of great economic importance.”
Members of the Brandenburg State Government recognize the importance of Tesla’s presence within the country. The economic benefits that Tesla can provide to Brandenburg state and German as a whole would provide 12,000 employment opportunities and a sizeable injection of manufacturing into the country’s slumping economy.
Tesla’s benefits in Germany go past economic. The company’s electric vehicles will ultimately decrease the aggregate amount of carbon emissions that come from standard transportation. The company’s development of the land it purchased for the facility required the removal of 90 hectares of trees. Tesla will be replacing these trees by replanting them three-fold in areas that surround Germany.
It is evident Tesla plans to open the doors of Giga Berlin for production in July 2021. With the current pandemic derailing some of the current plans, like the previously scheduled late March groundbreaking, Tesla’s assistance could come from the most influential figures within the Brandenburg government.
Elon Musk
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
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