Tesla stock rose 1.5% in Monday morning trading.Wedbush said that the super factories in Berlin and Austin will significantly expand their production capacity and give Tesla a a rating of "outperforming the market", with a target price of $1000.
Tesla has unveiled its latest structural battery pack with 4680 cells during a Gigafactory Berlin tour ahead of Model Y production at the new factory.
The start of production at Gigafactory Berlin is not just significant for Tesla’s growth in Europe, but it will also mark the launch of an important new version of the Model Y. Tesla plans to build the new Model Y at Gigafactory Berlin on a whole new platform with its structural battery pack.