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What Tesla's Berlin Gigafactory means for its future in China

U.S. EV giant's Shanghai plant is under pressure as rivals catch up

Tesla showed off its Model Y during the opening ceremony of the Tesla Gigafactory in Gruenheide, Germany on March 22.   © Reuters

PALO ALTO, U.S./HONG KONG -- Tesla CEO Elon Musk cut the ribbon at his company's first European manufacturing facility last week, inaugurating the electric vehicle maker's fourth Gigafactory.

The official opening in Berlin hit the same beats as the opening of the Shanghai Gigafactory in 2020: Musk delivered the first locally made vehicle, in this case a Model Y SUV, and danced the same happy dance as he did two years ago.

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