Showing posts with the label Tesla
Source: wsj.com Tesla Gets Approval to Start EV Production in Germany William Boston 6-7 minutes BERLIN—Tesla Inc. has secured local approvals in Germany to formally begin electric-vehicle productions at its new plant outside Berlin , a key pillar of Chief Executive Elon Musk’s push to rapidly boost output and sales. Tesla’s plant challenges Europe’s established auto makers, who have invested billions over the past few years to develop electric cars and catch up with the U.S. powerhouse. The approval comes with conditions that Tesla must fulfill before the new vehicles can be driven from the factory to customers, Brandenburg state officials said. Tesla must provide assurances regarding water usage as well as pollution controls, which have been at the forefront of objections to the plant by environmentalists. The Berlin plant, when fully operational, will have a production capacity to make 500,00
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Peter Schacknow 4-5 minutes Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley is buying Canada-based employee stock plan manager Solium Capital for $900 million in cash. The deal is Morgan Stanley's largest since the financial crisis. Restaurant Brands International – The parent of Tim Hortons, Popeyes, and Burger King reported adjusted quarterly profit of 68 cents per share, a penny a share above estimates. Revenue topped forecasts and comparable-store sales were better than expected, led by strength at Tim Hortons and Burger King.