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Tesla formally wins final environmental approval to open Gigafactory Berlin
The wait is finally over. After a long process that saw delays, controversies, and other drama, Tesla Gigafactory Berlin has won its final environmental approval from Germany. An official document confirming the update was published by the State of Brandenburg, outlining the next steps that the electric vehicle maker needs to do to start vehicle production in its Germany-based electric vehicle factory.
As per the state’s press release, the approval for Giga Berlin covers several activities, such as the production of up to 500,000 vehicles per year. The approval also includes battery cell production activities within the Giga Berlin complex, which should allow Tesla to manufacture its in-house cells from within Germany.
“The project, which was approved with the 536-page decision, includes the plant for the production of up to 500,000 vehicles per year, aluminum smelting plants and an aluminum foundry, plants for surface treatment, heat generation, and storage. The facility also includes battery cell production, an operational wastewater treatment plant, a fire brigade equipment house, a high-bay warehouse, as well as laboratories and workshops,” the press release read.
It should be noted that while it may have taken two years to get to this point, Gigafactory Berlin’s formal approval was still completed in a quick manner, at least relatively speaking. The past two years, after all, required the State Office of the Environment to not only inspect and approve the factory itself, but also the entire industrial area with several large-scale facilities. Environment Minister Alex Vogel expressed his thanks to the state’s employees and other authorities for Giga Berlin’s quick approval process.
“As a high-performing state administration, you have always focused on the technical requirements, the high level of protection of the environment, the protection of the general public and the neighborhood from dangers, even under the pressure of great public interest and unreasonable harassment as well as the legal certainty of the procedure. In times of climate crisis, the availability of water will play an increasingly important role for future developments and settlements. Above all, digitization can help to simplify and accelerate processes without restricting environmental standards and participation rights,” Vogel said.
District Administrator Rolf Lindemann emphasized that Giga Berlin benefits the region. The fact that the project faced much adversity, and was still able to achieve a milestone such as a final environmental approval in a relatively short time, proves that the project’s potential is vast. He also noted that Giga Berlin, as well as those that have been working with Tesla over the past two years to approve the project, shall face whatever challenges lie ahead with vigor.
“The Oder-Spree district described the Tesla Gigafactory as a real stroke of luck for the development of our region. We have therefore mobilized all our strength to help turn this unique opportunity into a visible success. It wasn’t always easy, and we’re anything but done when it comes to the final form of the overall project. But we all have reason to be proud of what we have achieved so far, despite all prophecies of doom.
“That is why we will face the further challenges that lie ahead with confidence and with undiminished vigor. I am referring to the official support of the further expansion stages, the completion of the battery factory and of great importance, especially for local politics: as far as possible, a stress-free integration of the Gigafactory into the traffic infrastructure . However, in order to be able to meet the sustainability aspect and smooth mobility in connection with production, it is of course necessary to start building housing close to the location and to create the associated social infrastructure. We trust in the same support from the state government that we have been able to rely on in the past,” Lindemann said.
While Giga Berlin’s final environment approval has been secured, Tesla still has to ensure that it meets the state’s requirements. These are highlighted by the mammoth size of its approval documents, which comprise over 23,700 pages in 66 files. More than 400 ancillary provisions are included, involving topics such as requirements for groundwater protection as well as water-saving and wastewater-reducing measures, species protection measures, limit values for air pollutants and regulations on their measurement as well as occupational safety requirements. Other specific rules on the plant’s operations, particularly with regards to how it affects the area’s groundwater, were also highlighted in the press release.
“There are 113 air pollution control requirements, which include respective chimney heights for each exhaust air stream. In addition, 22 requirements determine the methods and intervals at which the exhaust air is to be measured. 96 requirements for drinking water protection, waste water disposal and rainwater specify, among other things, limit values for discharge into the waste water pressure line and corresponding cleaning processes. When using building materials, it is important to ensure that no harmful substances get into the groundwater. With groundwater monitoring, both the formation of new groundwater and the quality of the groundwater must be checked regularly. In view of the tense water situation, not least due to climate change, it should be possible to react to changes as early as possible.
“After the inspection by the approval authority, the entire system falls under the provisions of the Hazardous Incidents Ordinance (12th BImSchV) and must therefore take special precautions to prevent incidents and limit the effects of incidents, as well as maintain an appropriate safety distance from adjacent protected objects. Tesla must draw up an incident concept and comply with special information obligations,” the press release read.
The state noted that Tesla may now start or continue with the further construction of Giga Berlin and that objections to the project now have “no suspensive effect.” It should be noted, however, that before Tesla can actually put its Model Y production facility into operation, several ancillary provisions must be met first. These provisions, which include the installation of measuring devices for air pollutants and precautions for fire protection and accidents, will be checked by the responsible authorities. Once Tesla completes this step, Model Y production for customer vehicles could finally commence.
Needless to say, all eyes are now focused on how quickly Tesla can meet the requirements for Giga Berlin’s operational permit.
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Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
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Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.
Tesla reports Q3 Earnings today: here’s what to expect
SpaceX confirms Starship 15 launch window with massive ambitions
