Tesla Expands Battery Cell Investment at German Gigafactory, Shares Rise
Tesla, Inc. (TSLA) shares gained 2.15% to $485.55 amid reports of expanded battery cell production at its Gruenheide Gigafactory. The automaker plans to invest an additional three-digit million euro sum, bringing total cell factory investment to €1 billion. Target output of 8 GWh annually by 2027 signals vertical integration in Europe’s evolving EV market.
The MOVE reduces reliance on external suppliers while stabilizing costs—critical as battery cells remain the most expensive component in electric vehicles. Tesla’s German facility now anchors its European supply chain, mirroring its Nevada Gigafactory strategy.