Standard Profil - comment

Although the headlines surrounding Tesla focus on their Bitcoin sale and covid related shutdowns and supply issues, it should be noted that Tesla has managed to ramp up their Giga-factory in Germany, reaching the milestone of over 1,000 vehicles produced in a single week. This is important for Standard Profil as Tesla becomes an increasingly more important customer of Standard Profil over time. We do acknowledge the first sequential decline in production numbers in the last couple of years but Standard Profil are more exposed to the ramp-up in the new Giga factory in Germany and in Austin, US.