Key Points
SummaryCompaniesCEO Musk announced plan for 25,000-eur car on site visit: sourcePlant currently produces Model Y, set to expandStaff granted 4% pay rise..
BERLIN, Nov 6 (Reuters) - Tesla (TSLA.O) plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars...
Expanding into the mass market is critical to meeting Tesla's aim of increasing vehicle deliveries to 20 million by 2030, setting it apart from competitors like Volkswagen (VOWG_p.DE) who have shied away from setting delivery targets and instead focused their strategies on protecting profit margins in the transition to EVs...
The carmaker plans to double the German plant's capacity to 1 million vehicles a year, but has not provided an update on how many cars it produces there since March, when it said it had produced 5,000 vehicles in a week - equivalent to around 250,000 annually...
Tesla also informed workers on Friday that all staff would receive a 4% pay rise from November onwards, with production workers receiving an additional 2,500 euros per year from February 2024 - equivalent to an 18% pay rise in 1-1/2 years...
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