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A fire and power outage at Tesla’s (NASDAQ:TSLA) plant in Germany led to a full evacuation on Tuesday. Police in Brandenburg are investigating a letter the force received pointing to an environmental organization known as Vulkangruppe as responsible for arson at the site. Local media reports in Germany indicate the letter called for the complete destruction of Tesla’s (TSLA) Gigafactory.
“If the initial findings are confirmed, this is a perfidious attack on our electricity infrastructure,” stated Brandenburg state Interior Minister Michael Stübgen. “This will have consequences. Thousands of people have been cut off from their basic supply and put in danger,” he added.
Tesla (TSLA) was forced to temporarily halt production at the Gigafactory located close to Berlin after all employees were evacuated. The Austin-based company employs about 12,500 people in the region.
Shares of Tesla (TSLA) fell 3.02% in premarket action on Tuesday to follow on Monday’s decline of 7.16%. On a year-to-date basis, TSLA is off about 24.3%.
The latest word on Tesla (TSLA) from Seeking Alpha analysts is from Investing Group Leader Yiannis Zourmpanos. who recommends buying shares on the dip. Zourmpanos reminded that Tesla’s (TSLA) energy segment outshines its vehicle business, setting the stage for explosive growth and becoming its most profitable business. Over the last 30 days, 5 SA analysts have issued Buy ratings or higher on TSLA vs. 8 Hold ratings and 7 Sell ratings.
