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.
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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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