Tesla’s Musk says must keep to schedule on European gigafactory – minister By Reuters

0 2


© Reuters. SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke


BERLIN (Reuters) -Tesla CEO Elon Musk has made clear how important it is for the company to keep to its schedule for the construction of its European gigafactory in the German state of Brandenburg, its Economy Minister Joerg Steinbach said.

Tesla (NASDAQ:) also said it was willing to intensify communication in the site near the town of Gruenheide and involve local citizens more, Steinbach told Reuters after a meeting with Musk in Germany on Wednesday.

Tesla has pushed back the expected opening of its 5.8 billion euros ($6.8 billion) gigafactory near Berlin to late 2021, blaming German bureaucratic hurdles.

The plant, which will manufacture batteries as well as electric cars, has also faced local public resistance due to environmental concerns.

The environmental agency in Brandenburg has yet to give final approval – meaning a further delay cannot be ruled out, even until 2022.

($1 = 0.8516 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave A Reply

Your email address will not be published.