Tesla’s German factory to build an affordable electric car
Tesla 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.
The source, who declined to be named, did not say when production would begin. Tesla declined to comment. Its shares were up 3% in pre-market trading in the United States at 0910 GMT.
The steep price tag of electric cars – compounded by high interest rates – is one of several factors holding back uptake of the technology in Europe and the United States, consumer surveys show.
