Tesla's German Factory Back Online After Arson Attack Disrupts Production

Tesla Inc‘s TSLA German gigafactory has reportedly been reconnected to the electricity grid after a week-long outage caused by an arson attack.

What Happened: The German gigafactory, located near Berlin, was reconnected to the electricity grid on Monday at 8:45 p.m. local time, Reuters reported, citing the power firm in charge of fixing the disruption.

The German factory suffered a power outage and was forced to halt production last Tuesday following an arson attack nearby. A far-left activist organization named the "Vulkan" Group claimed responsibility for the incident in which no one was injured.

Only last week, Tesla issued a statement that production at the factory would restart this week and return at full speed. "Let's show the ‘Vulkan’ group, Germany, the world what we mean by solidarity," a Tesla executive announced in a video statement. "We will restart the factory next week and return at full speed."

Why It Matters: As per Tesla’s 2023 annual report, the German factory currently has an installed annual vehicle capacity of 375,000 Model Y vehicles, meaning the company could not produce about 1000 cars for every day the factory faced an outage.

 Tesla's gigafactory in Berlin is its only factory in Europe. 

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.