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Indebta > Markets > Stocks > Tesla to hold meeting with German citizens to discuss plant expansion
Stocks

Tesla to hold meeting with German citizens to discuss plant expansion

News Room
Last updated: 2023/07/19 at 4:48 AM
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© Reuters Tesla (TSLA) to hold meeting with German citizens to discuss plant expansion

Tesla, Inc. (NASDAQ:) is scheduled to hold a question-and-answer session on Tuesday for citizens in Germany’s state of Brandenburg. The purpose of the session is to address concerns and discuss the potential impact of the company’s planned expansion of its electric vehicle (EV) and battery plant. If realized, this expansion would establish the site as the largest car manufacturing plant in the country.

The electric automaker hopes the event will help to prevent delays in securing the go-ahead from local authorities for the expansion plans. Plant construction was initially stalled at the open when numerous citizen objections placed it behind schedule.

During the upcoming question-and-answer session, citizens will have the opportunity to ask Tesla workers questions regarding various topics covered in the company’s expansion application, from water usage and emissions to working conditions.

Tesla has long argued the plant’s impact is relatively low and pointed to the benefits of EVs in combating climate change.

Tesla plans to double the capacity of its EV plant to one million vehicles per year, far outstripping the next-largest plant in Germany. The plant currently produces around 5,000 cars a week. The battery plant is assembling modules, but the company said in February it was not yet producing cells locally.

Shares of TSLA are down 0.32% in pre-market trading on Tuesday.

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News Room July 19, 2023 July 19, 2023
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