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18/11/15

11:48

Post #: 16422246
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Originally posted by brunski ↑

Tesla Motors is in discussions with the German government over the prospect of building a battery factory in the country, Economy Minister Sigmar **riel says.

Tesla CEO Elon Musk had been in contact with German officials and might seek state support for the facility, **riel said at an event at a Mercedes-Benz car factory in Rastatt, Germany. **riel did not provide details about the proposed plant or timing of a decision.

"We're in talks" with the Tesla CEO about a possible plant, **riel said. "I assume he will want public funds."

A battery factory in Germany would open a new front in Tesla's competition with former shareholder and Mercedes-parent Daimler AG and luxury-car leader BMW AG. It would also be a sign of more aggressive expansion as Tesla prepares to open its Gigafactory, the massive battery plant now being built outside Reno, Nevada.

Tesla has said that Germany is a key market for its household battery-storage systems.

A Tesla spokeswoman in Germany wasn't immediately able to comment.

Read more: http://www.copyright link/technology/tesla...rcedes-benz-bmw-20151117-gl1h2u#ixzz3rnT18Ew1

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KNL is already bumping swards with the German Gov...
01/09/15

MNS Price at posting: 41.0¢ Sentiment: None Disclosure: Held
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