Tesla CEO Elon Musk Slams Environmental Activists Protesting Giga Berlin Expansion: 'They're Dumber Than A Doorstop Or…Puppets'
Portfolio Pulse from Anan Ashraf
Tesla Inc's CEO Elon Musk criticized environmental activists protesting the expansion of the Berlin gigafactory, calling them 'dumber than a doorstop' or 'puppets.' The protest follows an arson attack that halted production, attributed to the 'Vulkan' Group citing environmental concerns. Despite local opposition and production challenges, Tesla plans to double the factory's capacity for battery and car production.
March 13, 2024 | 7:26 am
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Tesla Inc faces opposition to its Berlin gigafactory expansion, with CEO Elon Musk criticizing protestors. Despite an arson attack halting production, Tesla plans significant expansion.
The news highlights both challenges and aggressive expansion plans for Tesla's Berlin gigafactory. While the protest and arson attack present short-term operational challenges, the company's commitment to doubling the factory's capacity could signal strong future growth. However, the mixed public and activist response introduces uncertainty, making the short-term stock impact neutral.
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IMPORTANCE 80
RELEVANCE 90