Tesla Submits Application to Expand Plant in Germany for Constructing Freight, Logistics Area: Report - world cultures

Tesla Submits Application to Expand Plant in Germany for Constructing Freight, Logistics Area: Report


Tesla has submitted an order to build on another 100 hectares east of its factory in Germany, expanding the site’s area by a third, local newspaper RBP reported Thursday, citing the local mayor.

Gruenheide Mayor Arne Christiani told RBB that the electric car maker, which already has 300 hectares of land for its auto plant and a battery factory under construction, plans to build a charging station, logistics areas and parking in the extra space.

The proposal will be discussed at a municipal meeting on June 2.

Tesla did not immediately respond to a request for comment.

The Gruenheide plant, which will produce 500,000 electric cars annually at full capacity, began production in March 2022 after a series of licensing delays that CEO Elon Musk said went against the urgency of tackling climate change.

Local water suppliers warned when Tesla was given final approval to start production at the plant that servicing any future expansion of the plant would be impossible without importing water from other regions.

Meanwhile, Twitter investors are suing Tesla CEO, billionaire Elon Musk, alleging that he manipulated the company’s stock price downward, with the CEO of electric car maker Tesla making a $44 billion takeover bid (about $3,41, 552 crore) on the social media platform. .

Investors said Musk saved himself $156 million (about Rs 1,211 crore) by not disclosing that he had bought more than 5 per cent of Twitter by March 14. They requested that he be approved as a class and receive an unspecified punitive amount and compensatory damages.

They also named Twitter the defendant, saying the company is obligated to investigate Musk’s conduct, although they are not seeking damages from the company.

© Thomson Reuters 2022


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