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Tesla Giga Berlin will save company from Shanghai export ‘nightmare’: Wedbush

News Snapshot:

Tesla Giga Berlin will be the electric automaker’s savior in a “logistical nightmare” that requires the company to ship cars from China to Europe, Wedbush analyst Dan Ives said in a note this morning. Earlier today, Tesla CEO Elon Musk stated that he expects Giga Berlin, the company’s first European production facility, to start assembling cars in just two months . “We’re hoping to get the final approval in October. Or ‘Oktoberfest.’ An ‘Oktoberfest’ approval,” Musk said. The sooner Tesla ( NASDAQ: TSLA ) can get the Berlin factory up and running, the sooner it can free itself of the…

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