Tesla (NASDAQ:TSLA) has received environmental approval from German authorities, paving the way for it to start commercial production at its new factory near Berlin, after months of delays.
The Berlin plant is likely to have an annual production capacity of 500,000 electric vehicles and about 50 gigawatt-hours of battery capacity. The plant will help Tesla better cater to European EV and renewables demand, at a time when countries are looking to reduce dependence on Russian oil and gas.
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