Tesla secures land for European factory – Seeking Alpha

Tesla (NASDAQ:TSLA) is moving forward with the acquisition of a 300-hectare property in a designated industrial area just outside of Berlin.

The Brandenburg state has already approved the sale at a preliminary price of $45.4M.

The “Made in Germany” distinction is seen as important for Tesla as it looks to compete with Audi (OTCPK:AUDVF), BMW (OTCPK:BMWYY) and Volkswagen (OTCPK:VWAGY).

Source: https://seekingalpha.com/news/3532863-tesla-secures-land-for-european-factory

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