Elon Musk's Tesla factory in Germany makes no sense

Video Credit: Rumble
Published on November 17, 2019 - Duration: 00:36s

Elon Musk's Tesla factory in Germany makes no sense

Tesla CEO Elon Musk announced last week that a new factory is planned for Germany, in the Berlin area.

This is a bad idea.

The European auto industry already has too many factories for the region's level of demand.

The European auto market also isn't growing.

A shift to electric vehicles could happen, but it would be far more sensible for Tesla to take over an existing plant or hire a manufacturer to build its cars.

Musk's addiction to storytelling is driving this decision.

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Related news from verified sources

Β· Tesla CEO Elon Musk announced last week that a new factory is planned for Germany, in the Berlin area. Β· This is a bad idea. The European auto industry...
on November 16, 2019 • Business Insider

Elon Musk’s announcement of a factory in Germany took the industry by surprise, but the deal had been in the works for months.
on November 20, 2019 • NYTimes.com

Β· Tesla's next factory will be located near Berlin, Germany, CEO Elon Musk said on Tuesday during an award show hosted by the German automotive publication Auto...
on November 12, 2019 • Business Insider

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