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Tesla receives final approval for Giga Berlin

Elon Musk may personally deliver the first Berlin-made Tesla cars to new owners.

The Brandenburg State Environment Agency has given Tesla Inc. (NASDAQ: TSLA) final approval to start production at the Giga Berlin plant. The automotive company has been waiting for approval for a license to start production of electric vehicles (EV) and batteries since the start of construction of the plant in Grünheide. The Tesla Giga Berlin factory project originally started in November 2019, with the company hoping to start operations in 2021. It set out a timeline to emulate its Chinese gigafactory in Shanghai after the $2 billion projects were completed at full speed. From permitting to the required construction work, it started in six months and was completed in 30 months. Production began after 36 months, and full minimum tax receipts were paid after 60 months. It is the first foreign company to fully own a car factory in the country. The estimated cost of the Giga Berlin was $1.6 billion.

Tesla starts operations at the Giga Berlin

The automobile’s mission to accelerate the world’s transition to sustainable energy makes it aspire to have manufacturing facilities on every continent. The Giga Berlin is critical to Tesla’s sustainable energy mission. The company needs a manufacturing base in Europe to serve the region’s fast-growing electric vehicle market. There is a possibility that the European market will remain much larger and more competitive than the US market.

Elon Musk may personally deliver the first Berlin-made Tesla cars to new owners. The owners of the Model Y cars will drive with it. Another positive news besides the approval is the production test of Tesla’s Long Range variant. The testing process can also likely take place at the upcoming grand opening

The rigid process of the German bureaucracy was responsible for the delay. Also, Tesla had a court case over water use. Several publications on the plant’s environmental impact may have further contributed to the delay. Last year, Tesla Inc. CEO Elon Musk responded to publications that predicted depletion of the region’s water supply as “completely wrong”.

During the wait, Elon Musk took to Twitter (NYSE:TWTR) to lament a consultation process that required locals to voice their disagreement with the Tesla factory in Berlin. He wrote:

“What they’re doing is just not right.”

At the time, Tesla planned to start producing Model Y cars in December, hoping to get approval by then. A spokesman for the Brandenburg State Environment Agency wrote in an email:

“We are in fact in the final phase of the immission control approval process.”

However, Tesla must meet certain requirements before production can begin in the environment. Currently, TSLA is a premarket trading price of $876.06.

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Ibukun Ogundare

Ibukun is a crypto/financial writer interested in sharing relevant information using non-complex words to reach all types of audiences. Besides writing, she enjoys watching movies, cooking and exploring restaurants in the city of Lagos where she lives.

https://www.coinspeaker.com/tesla-final-approval-giga-berlin/ Tesla receives final approval for Giga Berlin

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