BERLIN—Tesla’s German plant in Brandenburg near Berlin is now producing 4,000 cars per week, the company said on Monday, quadrupling from May when Chief Executive Elon Musk had compared investment in Tesla’s new plants to “gigantic money furnaces.”
The Berlin plant hit the production target three weeks ahead of a production schedule reviewed by Reuters.
Shares of Tesla were up 1.9 percent at $200.70 in U.S. premarket trading.
At its new weekly output, Tesla’s plant in Germany would have annual output of over 200,000 vehicles. The maximum capacity planned for the Brandenburg plant is 500,000 cars a year, nearing 10,000 per week, the company has said….
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