Tesla Giga Berlin protests impact production schedule

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Protesters at Tesla’s Gigafactory Berlin have caused a slight impact on the company’s production schedule at the plant.

Tesla will not open on Friday for production, and all employees will be required to work from home to avoid issues with the protesters at the plant. The plant will be closed for four days, including Thursday’s holiday, Friday’s protest, and the weekend.

Production at the plant will stop after the late shift on Wednesday and resume with a late shift on Sunday, and access to the plant will only be available if a manager approves it, according to Handelsblatt, who first reported the story:

“No access to the site or the factory is possible without the explicit instructions and approval of your manager.”

Tesla has plans to expand its Gigafactory Berlin plant, but protesters are more concerned about the environmental aspects of the factory’s growth. The forests surrounding the current plant structure will need to be knocked down to make way for new buildings.

Protesters have even built treehouses in the forest near the factory and inhabited them to stop the potential for trees to be knocked down.

They said they planned to live in the treehouses “indefinitely.”

German politicians are not thrilled about the possibility of the protesters staying in the area, but they are technically allowed.

Brandenburg’s Interior Minister Michael Stügben said:

“We believe the threat is not just abstract – as is the case with hundreds of thousands of hectares of forest in Brandenburg – but rather concrete. The first thing is to rule out any danger to the camp residents, but also to the forestry employees, the police, and forest walkers.”

Tesla has operated Gigafactory Berlin since 2020 and only builds the Model Y crossover in the factory. It also has a world-class paint shop that offers two exclusive colors, one of which was recently brought to the U.S. market.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla Giga Berlin protests impact production schedule





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Tesla moves key auto executive amidst layoffs and departures

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Tesla’s Senior Vice President of Automotive is reportedly moving back into a position in China, after leaving the country to help with the automaker’s global operations last year.

Tesla’s SVP Automotive Tom Zhu was transferred from Gigafactory China to the current position at Giga Austin last year to help with the U.S. plant’s production ramp. Now, multiple local sources have reported that the executive will be returning to China to return to the role of SVP of Greater China.

The news comes as multiple executives have departed from the company amidst a larger restructuring effort, which has included several rounds of layoffs that began in mid-April. It also comes as Tesla prepares to enter the Chinese market with its Full Self-Driving (FSD) software, and as such, many have been speculating that the move could be related to the system’s rollout in the first country outside of North America.

Elon Musk explains Tesla strategy behind layoffs as executives depart

Zhu has been with Tesla since 2018, and he is considered to have played a crucial role in helping Giga Shanghai ramp up production after it was built. After moving to the company’s North American arm, Zhu was tasked with overseeing Sales, Service and Delivery, both in North America and Europe, before moving into the position of SVP of Automotive, in which he oversaw manufacturing and sales globally.

Over the last few weeks, Tesla has launched multiple rounds of layoffs company-wide, including its whole advertising team, its whole Supercharging team, and a number of others in different departments. At the same time, multiple longtime executives have left the company, including SVP Powertrain and Engineering Drew Baglino, VP of Public Policy and Business Development Rohan Patel, VP of Investor Relations Martin Viecha, Senior Director of HR Allie Arebalo, and still others.

Tesla gained tentative approval for FSD in China last week, set to mark the first market outside of North America to get the semi-autonomous driver assistance software. Following the news, Bank of America estimated that adding Tesla’s FSD to the Chinese market could generate as much as $2.3 billion in yearly earnings by 2030.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Tesla moves key auto executive amidst layoffs and departures





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Major Tesla shareholder criticizes Elon Musk amidst pay vote

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One of Tesla’s largest individual shareholders has spoken out against CEO Elon Musk and his stake in the company, as investors vote on the CEO’s recently rejected 2018 pay package.

After a Delaware judge ruled in favor of a shareholder in a lawsuit in January, officially voiding Musk’s 2018 compensation package worth $55.8 billion, Tesla is now holding an investor vote over whether to approve or deny the pay plan as part of its upcoming Annual Shareholder’s Meeting. Musk has also requested a new compensation package with more stock, and thus, more voting control, even threatening to develop artificial intelligence elsewhere if he doesn’t get them.

Leo KoGuan, who is one of Tesla’s largest individual stakeholders, posted on X on Friday criticizing Musk for selling shares over the last few years, despite his asking for more voting control as part of the ongoing compensation vote. KoGuan also called Musk a “magician,” his supporters “brainless suckers,” and he referred to the proposed package as a “robbery attempt.”

He also notes that, although Musk has sold around $39 billion Tesla shares since the stock peaked in 2021, he still has a 13.4-percent stake in the company, although he wants an additional 10 percent. KoGuan says that he paid significantly more for his very small amount of shares in the company, amounting to around $3.5 billion for just 0.8 percent of the company’s shares.

The statements followed a similar post made by KoGuan just 20 minutes earlier, in which he claimed that Tesla’s mission to accelerate the world’s transition to sustainable energy was just a “ruse to suck in naive investors and engineers.” He followed up with another post blatantly saying shareholders should vote no:

This isn’t the first time that KoGuan has been critical of Musk, though he was generally a supporter of the Tesla CEO just a few years ago. KoGuan said last month that Musk should consider “fading away and appointing his replacement” if he isn’t willing to spend more time on Tesla. He also said in January that Musk is “killing shareholders and Tesla,” adding that he wouldn’t have invested in the company had he known this before.

Voting on the package and other proposals began when Board Chair Robyn Denholm filed the company’s proxy statement. Tesla and Denholm have both expressed support for the ratification of Musk’s pay package, as well as for the company’s intent to move incorporation from Delaware to Texas.

“We do not agree with what the Delaware Court decided, and we do not think that what the Delaware Court said is how corporate law should or does work,” Denholm wrote in the filing. “So we are coming to you now so you can help fix this issue—which is a matter of fundamental fairness and respect to our CEO.”

Tesla will hold its Annual Shareholder Meeting on June 13, and shareholders can vote on ratifying Musk’s 2018 pay plan between now and then. The company has also launched a dedicated web page detailing how to cast shareholder votes and suggesting that investors vote yes on two proposals, which you can see here. You can also find Tesla’s full proxy statement here.

Elon Musk explains why he wants 25% voting share at Tesla: “I just want to be an effective steward of very powerful technology”

What are your thoughts? Have you voted on Tesla’s Shareholder Meeting proposals yet? Let me know how you voted at zach@teslarati.com, find me on X at@zacharyvisconti, or send us tips at tips@teslarati.com.

Major Tesla shareholder criticizes Elon Musk amidst pay vote





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