Ahead of the long-awaited arrival of Tesla’s Giga Berlin production facility in Germany, an employee of the automaker has now indicated that the all-electric Model Y crossover has arrived in Europe. Tesla’s Design Studio for the German market indicates the Model Y will be delivered in September, but some deliveries could begin even sooner.
Tesla’s Senior Key Account Manager in Munich, Daniel Riek, has indicated that the Model Y is officially in Europe. After sharing a Model Y promotional video shared by Tesla on LinkedIn, Riek said:
“Model Y has arrived in Europe!”
After viewing Riek’s post (h/t @alex_avoigt), we checked Tesla’s Design Studio for the German market, and deliveries are still slated to begin in September. Several European-located Model Y reservation holders have indicated that Sales Advisors working for Tesla stated ships could arrive in some regions as soon as mid-August. Deliveries could begin soon thereafter. Notable ship tracker @mortenlund89 said that ships with Model 3 and Model Y units aboard the Helios Ray cargo ship are headed toward or have already arrived in Europe.
Sales advisor told me yesterday, Helios ray is definitely a model y ship (ours is on it) and zeebrugge ETA is 17.08.
— Tesla_Adri (@tesla_adri) August 6, 2021
Another Model Y ordered in the Swiss municipality of Bassersdorf stated that they have been given their VIN and their delivery date, set for August 26th.
The Model Y has been available in several markets, including the United States since March 2020 and China since January 2021. However, the Model Y has not yet made its way to Europe as Tesla has focused on producing the vehicle at the Giga Berlin manufacturing plant. The facility, located in Brandenburg, has been under construction since early 2020 and is set to begin manufacturing vehicles by the end of the year. Some experts close to the matter, including Economic Minister Jörg Steinbach, have said that the plant could begin production by the end of Summer or early Fall if all goes according to plan.
The development of the Model Y has been an interesting one, especially considering Tesla plans to bring a slightly revised version to the European market. Company CEO Elon Musk has stated that the Berlin-produced version of the all-electric crossover is “not just a copy of the Model Y. It’s actually a radical redesign of the core technology of building a car.” Musk was hinting toward the eventual release of the structural battery pack design, which Tesla unveiled at its Battery Day event last September. The pack, a completely new design from Tesla engineers, will combine the new 4680 battery cell with a revolutionary new housing that will complement and strengthen the vehicle’s structural integrity.
Tesla Model Y from Giga Berlin will utilize 4680 cells and structural battery pack
Tesla will also focus on a new world-class paint facility at the German facility, bringing new colors and quality to the company’s European-produced vehicles. It is expected that the Model Y will continue its string of dominant sales by adding the European market to its list of accomplishments. Musk expects the Model Y to be the best-selling car in the world in 2022.
Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.
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
