There is another accident at Tesla's German factory!

Nearly 1,000 protesters gathered outside the Tesla super factory in Glenhead, Brandenburg, Germany, to protest against Tesla's proposed expansion plan, German Television one reported.

It is worth mentioning that Tesla's German factory has always been the target of protests by environmental groups. On March 5 this year, Tesla's super factory in southeastern Berlin, Germany, stopped production due to a power outage.

In the first quarter of 2024, Tesla delivered about 38% of his products worldwide.Rpgblockchaingame.70,000 electric vehicles, down 8.5% from the same period last year, this is the first time in nearly four years that Tesla's single-quarter sales have declined compared with the same period last year. As for the reasons for the decline in sales, Tesla mentioned the shutdown of the German factory.

Tesla's share price has fallen more than 32 per cent this year.

Tesla suddenly

Nearly 1,000 protesters gathered outside the Tesla super factory in Glenhead, Brandenburg, Germany, to protest against Tesla's proposed expansion plan, CCTV News quoted German TV as saying.

The protest began on the 8th of this month. The Tesla factory in Germany had previously submitted a plan to expand the plant to the city government of Glenhead, but local residents thought that the expansion project would pollute the water source, so they held a demonstration and asked the municipal government not to approve the expansion plan.

It is worth mentioning that this is not the first accident at Tesla's German factory. Tesla and local authorities in Germany said that someone suspected of setting fire to a high-voltage line near Tesla's Berlin factory in Germany on March 5, Agence France-Presse reported on the 5th, resulting in a power outage at Tesla's only manufacturing plant in Europe, and Tesla was forced to stop production at the German factory. A statement from Tesla saidRpgblockchaingameIn the early hours of the morning, due to a suspected arson attack, there was a power outage on the public power grid, resulting in a halt in production. "

Tesla said on March 6 that the electric car company's "super factory" in Germany would stop production until March 17, longer than previously expected. However, Musk posted on March 13 that Tesla's super factory in Berlin had resumed operation and thanked employees for their support.

Andre Tilig, director of Tesla's German factory, once said that during the shutdown, more than 1000 cars a day could not go offline, "which means a nine-figure loss to us."

The left-wing extremist group Volcano said on the 6th that they were responsible for the arson on the 5th. The group claimed that the Tesla factory affected the environment and local water supplies and that there was "extreme exploitation". The factory now employs about 12500 people.

Performance is still under pressure.

Tesla's first-quarter financial report in 2024 showed that Tesla realized operating income of 21.3 billion US dollars in the first quarter of 2024, down 9 per cent from the same period last year. This is Tesla's first quarterly revenue decline in nearly four years. Tesla's net profit in the first quarter was 1.129 billion US dollars, down 55 per cent from the same period a year earlier.

In terms of car sales, Tesla delivered 386800 new cars in the first quarter of 2024, down 8.5% from the same period last year, including 370000 Model 3 and Model Y and 17000 other products. From the perspective of the Chinese market, Tesla's sales in China fell to only 133000 vehicles in the first quarter of 2024, a year-on-year decline.

Tesla attributed the decline in sales to "force majeure": first, the outbreak of the Red Sea crisis interrupted Tesla's parts supply and temporarily suspended production at his factory in Berlin; second, German environmental activists set fire to infrastructure near the Berlin factory in March, causing Tesla-related factories to lose sufficient operating capacity and once again shut down production. Finally, after the Model 3 upgrade, the Fremont plant in California is still in the early capacity climbing stage, affecting Tesla's production and marketing.

The financial report also shows that Tesla's calculation of artificial intelligence training related to autopilot has increased by 130%. At present, Tesla already has millions of vehicle data and massive AI training clusters to achieve large-scale autopilot, and will continue to expand the scale. This means that Tesla is also on AII in autopilot, and the development of his artificial intelligence technology is entering the stage of full speed.

In the first quarter of 2024, Tesla said he would speed up the introduction of more affordable models. Musk said on the earnings call that low-cost models are expected to be on the market in early 2025, even in late 2024. "that will be quite fast." The next generation of product lines will be based on existing production lines and will not require the construction of new factories.

Kaiyuan Securities Research News said that in the Chinese market, domestic new energy vehicle brands are rising rapidly, the level of electric intelligent technology continues to improve, and Tesla's technological leadership has significantly narrowed. More importantly, due to the cost reduction of the supply chain and scale effects, the performance-to-price ratio has gradually become the focus of many new energy brands, and the new energy car companies represented by BYD have achieved rapid growth in sales. further squeeze the development space of foreign brands such as Tesla in the Chinese market. Charges for FSD software, Robotaxi, and cost reduction at the manufacturing end may become the direction for Tesla to break the game.

In addition, Mr Musk released a full email on April 15, setting Tesla's global layoffs at 10 per cent. Some analysts believe that the annual wave of layoffs is Tesla's "routine operation". Due to the rapid growth of employees, Tesla will fire some employees with poor performance to improve the overall efficiency of the enterprise.