German Tesla plant to step up output despite weakness in Europe - pick up in demand seen ...Middle East

The optimism contrasts with recent weak sales data. Registrations of new Teslas fell 39% in Germany last month and are down 56% year-to-date. Similar steep drops were seen in France, Belgium, Denmark and Sweden, while Norway was a rare bright spot with double-digit gains. Executives, including Elon Musk, have blamed the slump on Model Y production changes at the Berlin-area plant, which disrupted supply temporarily.

Tesla’s increase in production guidance at its German factory could reinforce investor bullishness (the stock jumped late last week) following recent share accumulation, despite weak European sales and disruptions from the Model Y redesign.

This article was written by Eamonn Sheridan at investinglive.com.

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