Tesla (TSLA) German plant reaches 4k cars per week ahead of schedule

Electric vehicle maker, Tesla (NASDAQ: TSLA) announced Monday that its plant in Brandenburg near Berlin is now producing 4,000 cars per week. According to a recent production plan viewed by Reuters, the company reached this goal three weeks ahead of schedule.

Output from the plant is now a third of Model Y output in Shanghai, where Tesla planned to keep an average total output of 13,000 Model Ys per week - around 1,000 below maximum capacity - and a further 7,000 Model 3s in February and March, according to the production plan.

The maximum capacity planned for the Brandenburg plant is 500,000 cars a year, nearing 10,000 per week.

Shares of TSLA are up 1.93% in pre-market trading on Monday.

By Michael Elkins |

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