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Tesla Inc. TSLA ↓0.48% is tweaking its proposal for the Berlin manufacturing facility in a way that will both please environmental activists and keep the production on time, a local government official said, as reported by Bloomberg on Thursday.
“We expect a proposal that in sum will be more environmentally acceptable and thereby even more approvable,” Joerg Steinbach, the economy minister of Brandenburg, where the Tesla site is located, said in an interview, according to Bloomberg.
“I assume that within the first half of next year, cars will be rolling off the conveyor belt there.”
Steinbach said Tesla would propose new plans later this week that will address some of the concerns raised by local activists like reducing the use of fresh water and creation of waste water, Bloomberg reported.
Why It Matters
Hundreds of protestors had taken to the streets in Berlin earlier this year, and a lawsuit was filed against the company for causing harm to the environment.
The automaker's Chief Executive Officer Elon Musk had countered the critics saying the net impact of the factory will be much greater than any environmental damage caused in the construction.
Musk has previously stated that Tesla is hoping to roll out Model Y cars made at the plant in July next year.
Tesla shares closed 0.16% higher at $882.96 on Wednesday, and the shares inched further higher at $883.12 in the after-hours session.
Editor's Note: The “Tesla Killer” launches 90,900% market surge
I’m here 3,000 miles from home in Long Beach, California.
This industrial suburb looks nothing like Silicon Valley, but recently it’s become the epicenter of an explosive new technology.
One that’s taking the $2.5 trillion electric vehicle market by storm.
It charges in just minutes — not hours. It’s 100% emission-free, costs next to nothing, and involves no fossil fuels. The only thing it emits is pure, clean water.
This is why experts call this technology the “Tesla Killer.”
I came here to try it for myself and see if all these claims were true.
And incredibly enough, the “Tesla Killer” worked better than I imagined.
The car took moments to fill and drove like a dream along the California coast, lasting hundreds of miles.
I’m now certain that no Tesla could possibly compete with it.
That’s why Bloomberg projects it to “skyrocket 1,000 times over.” And best of all…
The tiny, little-known stock behind the “Tesla Killer” are trades for just a few bucks.
Don’t wait another moment.
Now you can lock in its shares at a few dollars, instead of $300 like Tesla.