Business Standard

Tesla driving into Daimler, VW, BMW's backyard as firm buys land in Germany

Officials in the state of Brandenburg said they agreed the text of a contract with Tesla Inc. to sell a 300-hectare (741-acre) plot of land - about 300 football fields - in Gruenheide near Berlin

Elon Musk
Premium

Elon Musk

Stefan Nicola | Bloomberg Berlin
Elon Musk has moved a step closer to building his first car factory on the home turf of Volkswagen AG, Daimler AG and BMW AG as his company hammered out a contract to buy land in Germany.
 
Officials in the state of Brandenburg said they agreed the text of a contract with Tesla Inc. to sell a 300-hectare (741-acre) plot of land — about 300 football fields — in Gruenheide near Berlin. Tesla also filed five binders of documents with a local environmental authority to get the project approved, the state’s government said in a statement on its website

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in