Tesla Gigafactory Berlin is about to receive its final environmental approval, with Brandenburg Minister-President Dietmar Woidke holding a press conference later today to discuss the milestone. It took a long time to get to this point, but after two years, it appears that Tesla’s Model Y factory in Germany is finally about to wake up.
Information shared with Teslarati indicates that the press conference later will be attended not only by Brandenburg Minister-President Dietmar Woidke. Other key personalities in Giga Berlin’s development such as Environment Minister Axel Vogel and Economics Minister Jörg Steinbach (SPD) will also be present at the event.
Ulrich Stock, the department head responsible in the State Office for the Environment, Sascha Gehm, the First Deputy of the Oder-Spree district, and Arne Christiani, the Mayor of Grünheide, are also expected to be present at the press conference.
A quick refresher of what’s been happening in Giga Berlin can be found below.
Another permit after the final environmental approval
It should be noted that the final environmental approval is a massive step forward for Gigafactory Berlin. However, the final environmental approval does not mean that vehicle production could immediately start. An operating license is still required before Model Ys can be produced. Tesla must then meet further requirements before Giga Berlin’s Model Y production lines could start operations.
Teslarati has contacted several local government offices to inquire about the requirements that Tesla needs to submit to secure Giga Berlin’s operational license for vehicle production. Local government offices have so far declined to provide additional information, at least for now.
An ongoing water dispute
Giga Berlin has a lot of critics, and it has faced opposition over the years. Among the most notable talking points against Giga Berlin as of late is its water supply. Conservationists and local resident groups have expressed their fear that Giga Berlin will put the local water supply at risk. Legal action has been taken about the issue. Local water association Strausberg-Erkner (WSE) believes that Tesla’s water supply for Giga Berlin could still be terminated, but such a development may result in Tesla taking legal action.
Tesla is set to receive a supply of 1.4 million cubic liters of drinking water every year, though this may increase as Gigafactory Berlin expands its operations. It should be noted that a nearby coal mine and an oil refinery in the area are consuming far more water annually than Tesla. CEO Elon Musk has also said that Tesla will “recycle as much as humanly possible,” adding that he’s “pretty confident that (Giga Berlin) will be the most environmentally friendly factory in the world.”
A summary of delays
Gigafactory Berlin started its construction about two years ago, and initially, the facility seemed to be progressing at around the same pace as its sibling, Gigafactory Shanghai. Tesla also planned to start vehicle production in summer 2021, a target that was ultimately not met. This was partly due to several delays, which included a time when construction had to be paused due to hibernating snakes in the area. Tesla also faced much opposition from environmentalist groups who opposed the tree-cutting on the site. The EV maker responded by planting more trees than it had cut.
Even Tesla itself became a source of delays for the launch of Giga Berlin. Tesla moves at a very quick pace, and it updates its plans for its facilities accordingly. In Giga Berlin’s case, the company decided to add the construction and operation of a battery factory. This resulted in Giga Berlin’s applications requiring updates, causing further delays. Thankfully, most of Giga Berlin’s delays seem to have been dealt with for now, and the facility is in its final stages before it could start its operations.
Future plans
Tesla’s Gigafactories are ever-developing, and the same is true for Giga Berlin. As per information shared with German news agency rbb24, new applications for further expansion are expected to be submitted soon. Battery recycling facilities are also reportedly planned for the site, and so is a production line for Powerwall batteries, which may be equipped with cells that are produced in the Giga Berlin complex. Teslarati has attempted to confirm these reports, but local office representatives have declined to comment on the matter.
Giga Berlin’s press conference for the facility’s final environmental approval is expected to start at 3:30 p.m. CET (6:30 a.m. PST).
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Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
