Tesla moves closer to rolling out first European factory with German property buy


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Tesla moves closer to rolling out first European factory with German property buy

On Sunday, the 19th of January 2020, local authorities said that the US-based multinational e-vehicle manufacturer, Tesla Inc., which has been miles ahead of its closest contenders in a highly clogged race to become carbon neutral, had agreed to purchase a property at the outskirts of the German city, suggesting a prudent move from the Palo Alto, CA-based e-vehicle maker which had long been aiming to expand its wings in to the Europe in context of a bellicose chaos between the United States and EU over auto tariffs.

In point of fact, latest Tesla Inc. move came forth roughly a couple of months after the US carmaker had announced a plan later last year to build a gigantic e-vehicle in Grenheide, located in the eastern German province of Brandenburg adding that the German-made vehicles would be labelled as “Made in Germany” as local rivals had been preparing their racing gauntlets to spring up a fierce competition in the European market.

Meanwhile, addressing an out-and-out optimism over the Tesla Inc. deal, a Brandenburg Government spokesman, Florian Engels, was quoted saying earlier on Sunday (January 19th) that the management board of the US-based e-vehicle manufacturer had reached an agreement to a purchase of a 300-hectare property with the German state of Brandenburg.