According to foreign media reports, Tesla’s German factory was forced to continue to suspend operations due to the deliberate arson of a nearby power tower. This is a further blow to Tesla, which is expected to slow down its growth this year.
Tesla warned that it is currently unable to determine when production at its factory in Grünheide, Germany, will resume. Currently, the factory’s output has reached approximately 6,000 Model Y vehicles per week. Tesla estimates that the incident will cause hundreds of millions of euros in losses and delayed the assembly of 1,000 vehicles on March 5 alone.
E.DIS, a subsidiary of grid operator E.ON, said it was working on temporary repairs to the damaged power towers and hoped to restore power to the plant as soon as possible, but the operator did not provide a timetable. “E.DIS’s grid experts are coordinating closely with industrial and commercial units that have not yet restored power, in particular Tesla, and with the authorities,” the company said.
Baird Equity Research analyst Ben Kallo wrote in a March 6 report that Tesla investors may need to lower their expectations for the number of vehicles the company will deliver this quarter. He expects Tesla to deliver only about 421,100 vehicles in the first three months of this year, about 67,900 fewer than Wall Street forecasts.
“A series of production disruptions have further complicated production schedules in the first quarter,” Kallo wrote. He previously listed Tesla as a bearish stock in late January.
Kallo said the company’s deliveries this quarter are likely to be “significantly lower” than at the end of last year due to recent power outages at German factories, production disruptions caused by earlier conflicts in the Red Sea, and the switch to production of a refreshed version of the Model 3 at Tesla’s California factory. the last few months.
In addition, Tesla’s market value lost nearly $70 billion in the first two trading days of this week due to a sharp decline in shipments from Chinese factories. Shortly after trading began on March 6, local time, the stock fell as much as 2.2%.
Post time: Mar-09-2024