Episode 159: Tesla's New Factory, GM Halts Production

Tesla has officially started deliveries of its first made-in-Germany Model Y vehicles, which marks an important moment in Tesla’s expansion. CEO Elon Musk was present to hand over the first cars and he gave a brief speech. It’s a big deal because these are the first Tesla vehicles produced in Europe and right in the backyard of the strong German auto industry no less. But for Tesla, it’s a big deal not only for adding production capacity with a new factory and tapping into the talent pool in Europe, but it is also going to help Tesla’s logistics by having vehicles made in Europe to feed the European market and free up some production in the US and China for other markets. General Motors will halt pickup truck production at a factory in Indiana for two weeks next month due to an ongoing shortage of semiconductor chips that has wreaked havoc on the global automotive industry for more than a year. The supply of chips, which are critical parts for new vehicles, was expected to gradually improve for automakers throughout this year, but other problems in the supply chain, including Russia’s ongoing invasion of Ukraine, have clouded such expectations. 📚Books: https://www.amazon.com/s?k=reginald+seay&crid=XNP2FB40Q3TH&sprefix=reginald+seay%2Caps%2C232&ref=nb_sb_noss 📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency 📚Website: www.marketmarauders.net 🦩Twitter: @yourequest 😎Instagram: market_marauders 📧Email: [email protected] 🚧 DISCLAIMER🚧 I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view and/or hear on the channel.