Tesla Receives a Permit That Will Scare Its Rivals

TheStreet2022-03-04

Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true.Tesla (TSLA) and Chief Executive Elon Musk are officially very close to starting production of...

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Comments

Tanyl
2022-03-04
Tanyl
Must buy Tesla in buy call option
YS_ZENG
2022-03-04
YS_ZENG
Pls like
ACCY
2022-03-04
ACCY
Finally 😅
AzriTan
2022-03-04
AzriTan
$$$
JLCH
2022-03-04
JLCH
yo
JimmySiew
2022-03-04
JimmySiew
Ok

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The company expects to manufacture as many as 150,000 vehicles a year at the facility.Lucid and its luxury electric sedans are considered one of Tesla's most serious rivals. There is no doubt that with the support of Saudi Arabia, which is also a shareholder, the Newark, Calif., manufacturer has the financial means for its ambitions.Tesla, which disbanded its communications department last year, did not immediately respond to a request for comment from TheStreet.The state environment ministry recently said that Tesla would have to meet further requirements and provide evidence before the plan could go into operation, according to the newspaper, which doesn't provide more details.Early action is possible if nothing fundamentally speaks against the project and the investor implements it at its own risk.Environmental Objections and DroughtConstruction on the gigafactory started two years ago in Grunheide, about an hour southeast of Berlin. Musk had hoped to start production on July 1 last year, but the approval process dragged on, in part because Tesla expanded initial plans to include a battery factory. That led to further hearings.Until the beginning of February, the timing of the final approval by the state of Brandenburg was still unclear because environmentalists still objected, as TheStreet's Tony Owusuwrote.Due to prolonged droughts in eastern Germany -- even while the west of the country has seen floods -- Berlin may be missing the good old days of excess groundwater, environmentalists argued.Tesla was warned of this dynamic, but when Musk was asked last year whether constructing his factory in Brandenburg would deplete the area's water supply, he broke out into laughter, calling the notion completely wrong.But with this approval, the final hurdle has now been lifted.Tesla plans to build the Model Y SUV at the plan. 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2021.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9031991120,"gmtCreate":1646405599539,"gmtModify":1676534126483,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"Must buy Tesla in buy call option&nbsp;","listText":"Must buy Tesla in buy call option&nbsp;","text":"Must buy Tesla in buy call option","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031991120","repostId":1103098669,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9031083346,"gmtCreate":1646385392408,"gmtModify":1676534124511,"author":{"id":"3561416218644754","authorId":"3561416218644754","name":"YS_ZENG","avatar":"https://static.tigerbbs.com/80872255ccfe73879d5d778410465550","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031083346","repostId":1103098669,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9031033112,"gmtCreate":1646378533387,"gmtModify":1676534124006,"author":{"id":"3579758808989513","authorId":"3579758808989513","name":"ACCY","avatar":"https://static.tigerbbs.com/a44626552831eb06aa01cf85dcaf7422","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Finally 😅","listText":"Finally 😅","text":"Finally 😅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031033112","repostId":1103098669,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9031092143,"gmtCreate":1646376613097,"gmtModify":1676534123856,"author":{"id":"3556009150724705","authorId":"3556009150724705","name":"AzriTan","avatar":"https://static.itradeup.com/news/0cd0f245ac901c9a4590d4456d8fa63a","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":1},"htmlText":"$$$","listText":"$$$","text":"$$$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031092143","repostId":1103098669,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9031090918,"gmtCreate":1646374191444,"gmtModify":1676534123715,"author":{"id":"3572670964273182","authorId":"3572670964273182","name":"JLCH","avatar":"https://static.tigerbbs.com/37f9208a53c3a3c582fb50de5cde53d4","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":4,"crmLevelSwitch":0},"htmlText":"yo","listText":"yo","text":"yo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031090918","repostId":1103098669,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9031005478,"gmtCreate":1646373144036,"gmtModify":1676534123660,"author":{"id":"3578176602660058","authorId":"3578176602660058","name":"JimmySiew","avatar":"https://static.tigerbbs.com/865217a1248da3f0d11fd05e9280c2a7","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031005478","repostId":1103098669,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":118,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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