Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • May
  • Tesla gets local council go-ahead for German factory expansion
  • Business

Tesla gets local council go-ahead for German factory expansion

Editor May 16, 2024

GRUENHEIDE, Germany (Reuters) – Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker’s plans.

The green light from the Gruenheide council is just the first in a series of hurdles Tesla needs to clear before being able to start its expansion to add logistical spaces including a train station. The expansion must also be approved by local environmental authorities.

The expansion is part of the U.S. EV maker’s plans to double the site’s capacity to 100 gigawatt hours of battery production and 1 million cars per year, setting it up to dominate Europe’s EV market.

Environmentalists and local groups fear expanding the plant would endanger the region’s water supply, as it is located in a drinking water protection area.

Protesters against the expansion clashed with police earlier this month as some of them attempted to storm the facility. A suspected arson attack nearby left the plant without power in March.

In front of the hall where the Gruenheide council members met on Thursday under police protection, demonstrators held up posters reading “People over Profit” or “Turn off the tap on Tesla”.

Tesla already had to revise its expansion plans after Gruenheide citizens voted against them in February – and is now set to cut down just 47 hectares of forest, half the originally planned area.

(Reporting by Christina Amann; Additional Reporting by Riham Alkousaa; Writing by Sarah Marsh; Editing by Susan Fenton)

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Dow tops 40,000, Biden trolls Trump in split-screen video
Next: Analysis-Walmart’s strong forecast signals a resilient consumer

Related Stories

2025-08-22T225658Z_1_LYNXMPEL7L0XW_RTROPTP_4_META-PLATFORMS-RESULTS
  • Business

Meta partners with Midjourney to license AI tech for future products

Editor August 23, 2025 0
2025-08-22T231059Z_1_LYNXMPEL7L0Y2_RTROPTP_4_DATABRICKS-M-A-1
  • Business

Exclusive-Databricks to buy Sequoia-backed Tecton in AI agent push 

Editor August 23, 2025 0
2025-08-22T172230Z_1_LYNXMPEL7L0Q4_RTROPTP_4_EU-APPLE-META-PLATFORMS-ANTITRUST-7
  • Business

Apple in talks to use Google’s Gemini AI to power revamped Siri, Bloomberg News reports

Editor August 23, 2025 0

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • China rare earths deal will ‘hopefully’ be done by Thanksgiving, Bessent says
  • ‘No playbook’ for AI bubble fears
  • Trump likely to sell F-35 fighters to Saudis, Bloomberg News reports
  • ‘No playbook’ for AI bubble fears, says Deutsche Bank investment arm CEO
  • Berkshire buys shares of Google parent Alphabet, sells more Apple

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-11-16T160532Z_1_LYNXMPELAF09H_RTROPTP_4_USA-CHINA-RARE-EARTHS.JPG
  • Newsletters

China rare earths deal will ‘hopefully’ be done by Thanksgiving, Bessent says

Editor November 16, 2025 0
  • Newsletters

‘No playbook’ for AI bubble fears

Editor November 14, 2025 0
2025-11-14T193516Z_1_LYNXMPELAD116_RTROPTP_4_USA-CARIBBEAN-MILITARY-BUILDUP
  • Market News

Trump likely to sell F-35 fighters to Saudis, Bloomberg News reports

Editor November 14, 2025 0
2025-11-14T152143Z_2_LYNXMPELAD0NS_RTROPTP_4_DWS-CEO-INTERVIEW
  • Market News

‘No playbook’ for AI bubble fears, says Deutsche Bank investment arm CEO

Editor November 14, 2025 0
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com