Elon Musk takes a trip that doesn’t bode well for Tesla’s rivals

Elon Musk has arrived in Europe where he is to launch the start of a new era of Tesla (TSLA) – Get the Tesla Inc report on the continent. The electric vehicle maker that produced nearly a million vehicles in 2021 wants to step up a gear and produce more in the years to come.

To achieve this, Tesla built a Gigafactory near Berlin.

The production of this site will initially be devoted to the Model Y SUV. The cars that come out of this plant will mainly serve the European market.

Musk is expected to kick off this new milestone in the history of the band founded in 2003 on Tuesday. According to the @elonjet Twitter account, which tracks the movements of his private jet, Musk arrived in the German capital on Monday from Austin, Texas.