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Elon Musk's Tesla factory in Germany makes no sense

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Elon Musk's Tesla factory in Germany makes no sense

Elon Musk's Tesla factory in Germany makes no sense

Tesla CEO Elon Musk announced last week that a new factory is planned for Germany, in the Berlin area.

This is a bad idea.

The European auto industry already has too many factories for the region's level of demand.

The European auto market also isn't growing.

A shift to electric vehicles could happen, but it would be far more sensible for Tesla to take over an existing plant or hire a manufacturer to build its cars.

Musk's addiction to storytelling is driving this decision.

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