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BTCC / BTCC Square / Global Cryptocurrency /
Tesla Stock Rises on European Battery Expansion Amid UK EV Sales Leadership

Tesla Stock Rises on European Battery Expansion Amid UK EV Sales Leadership

Author:
Global Cryptocurrency
Published:
2025-12-19 11:35:02
17
3
BTCCSquare news:

Tesla shares gained 3.7% to $484.70 following its announcement of a $1.2 billion investment in German battery cell production. The Grünheide facility will eventually manufacture 8 gigawatt hours annually, reinforcing vertical integration as Model Y and Model 3 dominate UK electric vehicle sales.

Despite claiming the top two sales spots in Britain's 2025 EV market, Tesla's overall UK share slipped to 9.6% from 13.2% year-over-year. The stock now faces technical resistance NEAR $500 with RSI approaching overbought levels.

The battery investment brings Tesla's total German cell production commitment to nearly €1 billion, though executives acknowledge the economic challenges of European manufacturing. This strategic MOVE aims to reduce reliance on external suppliers while supporting local vehicle assembly.

|Square

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