1 November 2022 | Other

Tesla begins work to expand its plant in Germany

Tesla's Berlin electric car plant in Grunheide is one of the most important factors, it’s playing a major role in the company's development in Europe. To grow steadily, the company needs to expand the plant's territory, thus, cutting down nearby forests has already begun.

According to a Tesla spokesman, at the moment, the company managed to increase the territory by about 70 hectares (173 acres). The new territories will be used for warehousing. It should increase the logistical potential of the plant due to the proximity of the railroad tracks. The company's initial goal was to increase the territory of the plant by 100 hectares. 

Joerg Steinbach, the economy minister for the state of Brandenburg, has a positive attitude towards Tesla. In his opinion, the presence of such a company in the country has a good effect on the country's development.

At this point, it’s unclear how long it will take to expand the plant’s territory. In addition to cutting down trees, it’s necessary to obtain approval from the local authorities responsible for environmental protection. And it is also important to resolve disagreements with local residents, who believe that the plant uses too much water and becomes a threat to nature.

Company MarketCheese
Period: 24.06.2026 Expectation: 720 pips
USDCAD shows signs of continued rally after exiting overbought territory
Today at 12:00 PM 8
Period: 24.06.2026 Expectation: 750 pips
Buying EURUSD ahead of Fed rate decision
Today at 10:44 AM 12
Period: 01.07.2026 Expectation: 2200 pips
Invest in NVIDIA stock up to $230
Today at 10:32 AM 6
Period: 24.06.2026 Expectation: 160 pips
Natural gas caught between US heat and supply relief
Today at 06:38 AM 12
Period: 30.06.2026 Expectation: 1000 pips
Buy GBPUSD with 1.3500 in sight
Today at 04:00 AM 17
Period: 16.07.2026 Expectation: 4000 pips
Invest in Tesla stock with $450 target
Yesterday at 11:55 AM 25
Go to forecasts