According to reports, Musk told employees at a factory near Berlin that Tesla will produce a low-cost car there.
According to reports, Elon Musk told employees at a factory near Berlin that Tesla will produce a low-cost car there.
Reuters reported, citing a person familiar with the matter, that Musk said Germany's Gruheid factory will produce a car worth 25000 euros (approximately 27000 US dollars).
The Tesla Model 3 is priced at $38990 on the US website, with other Tesla cars priced even higher.
According to this Reuters report, these German workers were informed that they will receive a 4% salary increase.

According to reports, Elon Musk told employees at a factory near Berlin that Tesla will produce a low-cost car there.
Reuters reported, citing a person familiar with the matter, that Musk said Germany's Gruheid factory will produce a car worth 25000 euros (approximately 27000 US dollars).
The Tesla Model 3 is priced at $38990 on the US website, with other Tesla cars priced even higher.
According to this Reuters report, these German workers were informed that they will receive a 4% salary increase.
Tesla's stock price surged 11% last week, partly due to the decline in bond yields driving the stock market up.