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☆ Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
▼ + stars: | 2024-07-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

With the shares rallying 17% in the two trading days since the second-quarter report, short sellers have lost an estimated $3.5 billion on a mark-to-market basis, according to data from S3 Partners. It's been a painful few months for short sellers, as Tesla shares have soared 73% since bottoming for the year in April. Short interest in Tesla currently stands at 3.5% of float, or 97 million shares shorted, with a $22.4 billion notional value. While the deliveries report suggested demand for Tesla vehicles remains stronger than feared, it offered a limited view into company performance. In the U.S., Tesla offered a three-year, 2% APR financing deal for buyers of its rear-wheel drive Model 3.

Persons: Tesla, Patrick Pleul, PATRICK PLEUL, It's Organizations: Getty, S3 Partners Locations: Gruenheide, Berlin, Germany, Norway, China, U.S

Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Climate protesters angry about Tesla's plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police. "Multiple unauthorized people are trying to enter the ground of the Tesla factory," Brandenburg police said via X Friday. "The situation is dynamic," a Brandenburg police spokesperson told CNBC Friday, adding that there have been multiple roadblocks in the area due to the demonstrations. A Tesla spokesperson was not immediately available for comment when contacted by CNBC.

Persons: Tesla Organizations: Brandenburg, CNBC Locations: Gruenheide, Germany, Berlin, Brandenburg

☆ Tesla cuts prices nearly $2,000 in China, in line with U.S. cuts
▼ + stars: | 2024-04-21 | by ( ) www.cnbc.com time to read: +2 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs. Tesla made similar cuts to the Model Y starting price, now 249,900 yuan, the regular version of the Model S to 684,900 yuan and the Model S Plaid to 814,900 yuan. The carmaker on Friday cut U.S. prices of its Model Y, Model X and Model S vehicles by $2,000. Tesla reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Persons: Tesla, Narendra Modi, Musk Organizations: Elon Musk's, Model, Plaid, Reuters Locations: Gruenheide, Germany, China, United States, India

☆ Tesla to explore locations in India for $3 billion EV factory, FT reports
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. The plant could be worth $2 billion to $3 billion, FT reported on Wednesday, citing two people with knowledge about the plans. The EV maker will focus on the states of Maharashtra, Gujarat and Tamil Nadu that already have automotive hubs, according to the report. India last month lowered import tariffs on certain EVs for automakers willing to invest at least $500 million and start domestic manufacturing in the country within three years. Modi met Tesla CEO Elon Musk in June and invited him to explore investment opportunities in India for electric vehicles.

Persons: Tesla, Patrick Pleul, PATRICK PLEUL, Narendra Modi's, Modi, Elon Musk Organizations: Getty, Financial Times Locations: Gruenheide, Berlin, Germany, India, Maharashtra, Gujarat, Tamil Nadu

☆ Tesla's stock wraps up one of its worst quarters on record as global dominance wanes
▼ + stars: | 2024-03-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +11 min

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.

Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware

☆ Elon Musk requires 'FSD' demo for every prospective Tesla buyer in North America
▼ + stars: | 2024-03-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

While all new Tesla vehicles have a standard driver assistance system installed called Autopilot, the company's FSD option costs $199 per month for most customers in North America. Tesla's FSD system does not turn cars into autonomous vehicles. According to the Tesla owners' manuals, drivers must remain attentive to the road and ready to steer or brake at any time when using FSD or FSD Beta. Owners with FSD can also get access to the FSD Beta system, which allows them to test and help debug newer driver assistance features on public roads. Under pressure from the National Highway Traffic Safety Administration, Tesla has implemented voluntary recalls to improve the safety of its Autopilot, FSD and FSD Beta systems in recent years.

Persons: Elon, Elon Musk, Musk, FSD, Tesla, Troy Teslike Organizations: Bloomberg, CNBC, Beta, National, Traffic Safety, Tesla Locations: Gruenheide, Germany, North America

☆ Tesla shares gain after Model Y price hike in U.S., Europe
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +1 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Shares of Tesla jumped nearly 7% on Monday after the automaker announced price increases for its Model Y electric vehicles across some European countries and the United States. Tesla said prices of its Model Y vehicles will be increased by approximately 2,000 euros ($2,177) in some European countries effective March 22, according to a company statement on Saturday. It had announced on Friday price hikes for all Model Y cars in the U.S. by $1,000 effective April 1. Tesla shares rose as high as $174.72, up nearly 7%, on Monday following the announcements, making it the biggest percent daily gain in more than a month after sliding for two weeks.

Persons: Tesla, Emmanuel Rosner Organizations: Deutsche Bank Locations: Gruenheide, Germany, United States, U.S

☆ Elon Musk suggests his prescription ketamine use is good for investors
▼ + stars: | 2024-03-18 | by ( Daniel Arkin | ) www.cnbc.com time to read: +5 min

In a new interview, Elon Musk said prescription ketamine has been helpful in treating his occasional depressive episodes and suggested that taking the drug has been beneficial for investors in his companies. Musk was asked by Lemon whether ketamine could "get in the way" of his government contracts and his standing on Wall Street. Musk added that he originally mentioned his prescription ketamine use on X "because I thought, maybe this is something that could help other people." Lemon asked Musk whether he ever "abuses" ketamine, which the billionaire said he is taking under a doctor's supervision. In a short introduction to the Musk interview, Lemon said that he did not know exactly why Musk had decided to scrap their deal.

Persons: Elon Musk, Don Lemon, Lemon, Musk, X, Tulsi Gabbard, Jim Rome, Matthew Perry, Musk's, Chloe Melas, whatever's, I'm Organizations: CNN, SpaceX, Tesla, Wall Street, YouTube, Spotify, NBC Locations: Gruenheide, Berlin, Germany, Austin , Texas, Hawaii

☆ Musk visits German Tesla Gigafactory after suspected arson attack
▼ + stars: | 2024-03-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Odd Andersen | Afp | Getty ImagesElon Musk on Wednesday visited the Tesla Gigafactory near Berlin, which was forced to halt production last week after losing power during a suspected arson attack. Tesla workers stand outside they wait for arrival of Tesla head Elon Musk outside the Tesla Gigafactory on March 13, 2024 near Gruenheide, Germany. Maja Hitij | Getty Images News | Getty ImagesElon Musk, chief executive officer of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on Wednesday, March 13, 2024. Last week, the Gigafactory was left without power and had to temporarily stop production after a suspected arson on an electric substation close by. A banner with the words "Elon" and "Eloff" hangs in the camp of the "Stop Tesla" initiative in a pine forest near Fangschleuse near the Tesla Gigafactory Berlin-Brandenburg plant.

Persons: Elon Musk, Odd Andersen, Musk, Tesla, Maja Hitij, Krisztian Bocsi, Elon, Sebastian Gollnow Organizations: Afp, Getty, Tesla Inc, Bloomberg, CNBC Locations: Gruenheide, Berlin, Brandenburg, Germany, Fangschleuse

GRUENHEIDE, Germany (AP) — Tesla CEO Elon Musk visited the electric car maker's first European plant Wednesday as production resumed at the factory just outside Berlin about a week after a suspected arson attack cut its power supply. Musk was expected at a “team huddle” with employees at the plant in the Gruenheide municipality, employee council chief Michaela Schmitz told regional broadcaster RBB's Inforadio channel. Production at Tesla’s plant in Gruenheide came to a standstill on Tuesday last week. The power outage came as environmental activists have been protesting in a forest near the plant against plans to expand the facility. That has drawn opposition from environmentalists and some other local groups, who also worry about possible effects on the area’s water supply.

Persons: — Tesla, Elon Musk, Musk, Michaela Schmitz, Schmitz, Tesla Organizations: RBB's, ” Authorities, Volcano Locations: GRUENHEIDE, Germany, Berlin, Gruenheide, Brandenburg

BERLIN (AP) — Power has been restored to electric car manufacturer Tesla's factory near Berlin after a nearly one-week outage believed to have been caused by arson, a network operator said. It previously appeared that the factory, Tesla's first in Europe, might remain without power until the end of the week. Production at Tesla's plant in Gruenheide, just outside the German capital, came to a standstill last Tuesday. Tesla opened the factory in March 2022, launching a challenge to German automakers on their home turf. Photos You Should See View All 60 ImagesThe power outage came as environmental activists have been protesting in a forest near the plant against plans to expand the facility.

Persons: E.DIS, Tesla, Tesla's Organizations: BERLIN, —, Authorities, Volcano Locations: Berlin, Europe, Gruenheide, Brandenburg

☆ Tesla's Berlin plant halts production after suspected arson attack at nearby substation
▼ + stars: | 2024-03-05 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Tesla' logo is seen on the Tesla factory building in Berlin, Germany on February 22, 2024. A Tesla plant outside of Berlin was reportedly forced to halt production Tuesday after an electricity substation was set alight in a suspected arson attack. The Gruenheide factory, located southeast of the German capital, was left without power, as were parts of wider city, Reuters cited German newspaper Berliner Zeitung as saying. It comes as Tesla's expansion plans for its Gruenheide plant have come up against fierce opposition. However, last month locals voted down plans to raze nearby trees to make way for the enlarged plant.

Persons: Tesla Organizations: Berliner Zeitung, CNBC, CNBC . Police, Reuters Locations: Berlin, Germany, Grunheide, Europe, Neu Zittau, U.S

☆ Tesla raises price of Model Y long-range in China from Nov 21
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBEIJING, Nov 21 (Reuters) - Tesla Inc (TSLA.O) has increased the price of its Model Y long-range vehicle in China by 2,000 yuan to 304,400 yuan ($42,212.70) from Tuesday, the company said in a notice. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Liz Lee and Shanghai newsroom Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick Pleul, Liz Lee, Shri Navaratnam Organizations: Inc, BEIJING, Tesla Inc, Thomson Locations: Gruenheide, Germany, China, Shanghai

☆ Tesla faces pressure in Sweden as workers at supplier to strike
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Tesla has no manufacturing plant in Sweden but its electric cars are serviced at workshops across the country, where around 130 mechanics affiliated with Swedish union IF Metall began a strike on Oct. 27. Hydro Extrusions's Vetlanda plant makes aluminium profiles - aluminium alloys transformed into shapes, and is the first Tesla supplier in Sweden to down tools in support of the mechanics' strike. The carmaker told IF Metall on Nov. 6 it did not want to sign a collective agreement, the union said. "We want Tesla Sweden to sign a collective agreement... We want this conflict to be as brief and short as possible," IF Metall spokesperson Jesper Pettersson said. German unions have pressured the carmaker to implement a similar agreement for its 11,000 workers in Gruenheide, near Berlin.

Persons: Tyrone Siu, Tesla, Jesper Pettersson, Marie Mannes, Victoria Waldersee, Johan Ahlander, Emelia Sithole Organizations: Tesla, REUTERS, Rights, U.S, Swedish, IF Metall, dockworkers, Hydro Extrusions, Hydro, IF, Thomson Locations: Taipei, Taiwan, Rights STOCKHOLM, Sweden, Vetlanda, Gruenheide, Berlin

The source, who declined to be named, did not say when production would begin. A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. At the same meeting, he informed staff of plans to build the 25,000-euro vehicle there, the source said. German union IG Metall said in 2022 that Tesla wages were around 20% below those offered under collective bargaining agreements at other carmakers. ($1 = 0.9315 euros)Reporting by Victoria Waldersee, Editing by Rachel More, Bernadette Baum and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Musk, Tesla, Annegret, Elon Musk, Europe's, Metall, Victoria Waldersee, Rachel More, Bernadette Baum, Emelia Organizations: Staff, JATO Dynamics, Reuters, Volkswagen, REUTERS, Thomson Locations: BERLIN, Berlin, United States, Europe, China, Gruenheide, Germany

☆ Tesla to build 25,000-euro car at German plant - source
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBERLIN, Nov 6 (Reuters) - Tesla (TSLA.O) will build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Tesla Chief Executive Elon Musk visited the plant in Gruenheide, near Berlin, on Friday, after attending an artificial intelligence summit in England. The CEO thanked staff at the plant for their hard work, according to a video posted on X, formerly known as Twitter. At the same meeting, he also informed staff of plans to build the 25,000-euro vehicle there, the source said.

Persons: Annegret, Tesla, Elon Musk, Musk, Victoria Waldersee, Rachel More Organizations: REUTERS, Twitter, Reuters, Thomson Locations: Gruenheide, Berlin, Germany, England

☆ Tesla raises wages 4% for German workers amid union pressure, WSJ reports
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

A general view of a Tesla's Gigafactory Berlin-Brandenburg building, a part of the electric car manufacture, in Gruenheide, Germany July 18, 2023. In October, Tesla said it will inform its staff this month of the level of the pay rise, adding it raised wages by 6% last year. German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. The EV maker, unlike other carmakers in Germany, does not have a collective bargaining agreement governing wages. Tesla and IG Metall did not immediately respond to a Reuters' request for comment.

Persons: Annegret, Tesla, Metall, Elon Musk, Urvi, Aurora Ellis, Kim Coghill Organizations: REUTERS, Street, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S, Bengaluru

☆ Tesla to offer German workers pay rise this year
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Oct 12 (Reuters) - Tesla (TSLA.O) said on Thursday it will offer a pay rise to workers at its German plant, where unions have said they earn below the industry average. The U.S. electric vehicle maker said it will inform staff in November of the level of the pay rise, adding it raised wages by 6% last year. Under last year's agreement, workers at Volkswagen (VOWG_p.DE), Mercedes-Benz (MBGn.DE) and BMW (BMWG.DE) were offered a 5.2% pay rise in June 2023 and a 3.3% pay rise in 2024 as well as an inflation premium for full-time workers of 3,000 euros ($3,160). German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. IG Metall said Tesla told workers of the upcoming raise at a series of meetings held at the plant this week.

Persons: Annegret, Tesla, Metall, Victoria Waldersee, Alexander Smith Organizations: REUTERS, Rights, Volkswagen, Mercedes, Benz, BMW, Metall's, Reuters, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S

Companies Tesla Inc FollowGRUENHEIDE, Germany, Oct 9 (Reuters) - Tesla (TSLA.O) workers at the carmaker's Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and overwork, the union said on Monday. Reuters was not able to independently verify the union's claims and Tesla did not immediately respond to a request for comment. Union representatives met workers at the factory gates, on the platforms of nearby stations and inside the factory on Monday handing out stickers stating "Together for safe and fair work at Tesla". "The law gives all workers the right to organise in a union and stand openly for that at their workplace. That counts at Tesla in Brandenburg as well," Dirk Schulze of IG Metall said.

Persons: Tesla, IG, Dirk Schulze, IG Metall, Victoria Waldersee, Sharon Singleton Organizations: Tesla, IG, Reuters, IG Metall, Thomson Locations: Germany, carmaker's Brandenburg, Brandenburg, Poland

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. "This case is different from past forays between the SEC and Elon Musk because it's a subpoena enforcement case. Musk also refused SEC proposals to testify in Texas, where he lives, in October or November, the SEC said. In 2022, a judge ordered Terraform Labs' founder to comply with an SEC subpoena for documents.

Persons: Elon Musk, Patrick Pleul, Musk, Musk's, Stephen Crimmins, Davis Wright Tremaine, Alex Spiro, Howard Fischer, Moses, Moses & Singer, Jay, Spiro, Tesla, Robert Frenchman, Mukasey Frenchman, Chris Prentice, Michelle Price, Lisa Shumaker Organizations: WASHINGTON, U.S . Securities, Exchange Commission, SEC, Twitter, Elon, Moses &, Terraform Labs, Reuters, Thomson Locations: Gruenheide, Germany, videoconference, San Francisco, Texas

☆ Tesla suppliers say carmaker expects 2026 or 2027 Mexico production start, Reforma reports
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. But one month later, they told us to wait," the source told Reforma. Several sources previously told Reuters that Tesla planned to begin production in Mexico in 2025. Tesla announced its plans for Mexico in March, but has not publicly revealed a start date for construction or production. Nuevo Leon's economy minister, Ivan Rivas, declined to comment on Tesla's timeline, saying it was a matter for the company to address.

Persons: Annegret, Tesla, Ivan Rivas, Ramboll, Daina Beth Solomon, Raul Cortes, Hyunjoo Jin, Sarah Morland, Leslie Adler Organizations: REUTERS, Companies Reforma, MEXICO, Reforma, Reuters, Thomson Locations: Gruenheide, Berlin, Germany, Mexico, Nuevo Leon, Reforma, Nuevo Leon's, Mexico City, Hyunjoo, San Francisco

☆ Tesla's German plant lowers production target amid slower output - Business Insider
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowBERLIN, Aug 23 (Reuters) - Tesla (TSLA.O) lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it further, according to a Business Insider report citing internal documents and anonymous sources. Business Insider said pictures showing Tesla's internal workflow software indicated that the U.S. EV maker had lowered its target for July and August to 870 cars per day. The internal target had since been adjusted further down to 750 cars per day, amounting to less than 4,000 a week, the article said, citing unnamed workers at the plant. Business Insider said the company did not comment on a series of questions on the plant's output. Output hit 4,000 cars per week in late February, ahead of a production schedule seen by Reuters, but appears to have slowed down since then, according to the Business Insider report.

Persons: carmaker, Tesla, Victoria Waldersee, Friederike Heine Our Organizations: Tesla, Business, U.S, Reuters, Thomson Locations: U.S, Gruenheide, Berlin, United States, China

☆ Stocks making the biggest moves midday: Tesla, Berkshire Hathaway, PayPal, Cinemark and more
▼ + stars: | 2023-08-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company earned €168 million in revenue, while analysts polled by Refinitiv expected €672 million. The company reported adjusted net income and revenue that beat expectations for the second quarter. Viatris reported revenue of $3.92 billion, while analysts polled by StreetAccount called for $3.86 billion. PayPal – PayPal stock climbed 2% after launching its first stablecoin, PayPal USD, backed by the U.S. dollar on Monday. Analysts polled by FactSet are forecasting an adjusted 5 cents per share on $534.2 million in sales.

Persons: Tesla, Zach Kirkhorn, Vaibhav Taneja, Taneja, BioNTech, Refinitiv, Tyson, Berkshire Hathaway, Warren, StreetAccount, Andrew Mok, Sovos, Campbell, Sovos Brands, Campbell Soup, Morgan Stanley, Benjamin Swinburne, Oppenheimer, Yun Li, Alex Harring, Samantha Subin Organizations: Refinitiv, Berkshire, Warren, UBS, Sovos, PayPal, U.S, FactSet Locations: Gruenheide, Germany, BioNTech –, stablecoins, U.S

GRUENHEIDE, Germany, July 18 (Reuters) - Tesla (TSLA.O) on Tuesday sought to assuage Brandenburg state residents' concerns by holding a question-and-answer session on the EV maker's planned expansion that would make its local plant the biggest car factory in the country. Tesla, which currently produces around 5,000 cars a week, hopes to double the plant's production capacity to 1 million vehicles a year and add 50 gigawatt hours of battery production capacity, though it has not provided a timeline. While Volkswagen still holds the highest EV market share in the region, Tesla is making its mark. Tesla has long argued that the plant's impact is relatively low and referred to the benefits of EVs in combating climate change. "Water isn't a Tesla problem - it's a general problem," said 68-year-old local resident Matthias Handschick.

Persons: Tesla, Emily, Matthias Handschick, Victoria Waldersee, Nette Noestlinger, Leon Malherbe, Christoph Steitz, Louise Heavens, Matthew Lewis Organizations: EV, Volkswagen, Reuters, Thomson Locations: GRUENHEIDE, Germany, Brandenburg, Wolfsburg, Europe, Gruenheide

☆ German union calls for better staffing at Tesla plant amid expansion plans
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 17 (Reuters) - Germany's top union IG Metall on Monday called for Tesla to improve staffing conditions at its German gigafactory as it prepares to expand, with the carmaker due to publish its expansion plans for feedback from the community later this week. The expansion plans will entail adding more jobs to the 12,000 planned for the first expansion phase of Tesla's first European product hub, of which roughly 11,000 have been hired so far. Tesla's plans are a clear commitment to Brandenburg as a location," IG Metall's Dirk Schulze said. "Before the expansion of the plant, the expansion of the working conditions of the colleagues in Gruenheide must now finally have priority." Reporting by Christoph Steitz and Victoria Waldersee; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla's, Dirk Schulze, Schulze, Tesla, Christoph Steitz, Victoria, David Evans Organizations: Metall, Tesla, Brandenburg, Citizens, Thomson Locations: FRANKFURT, Germany, Brandenburg, Gruenheide

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