Tesla opens a factory in Europe

American company Tesla bought a German company Grohmann Engineering, that specialised in developing systems for batteries and fuel elements. Per prognoses, Tesla plans to increase its production in 5 times till 2018. Company Grohmann Engineering is the first Tesla’s purchase in Europe. Tesla can extend the production in Europe, that will positively affect on company’s stock growth.

From the beginning of November, Tesla stocks increased by 4,5% and continue to grow. This is a great trend for traders to make income deals. Trading will be available during American session, from 14:40 to 21:00 GMT.

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