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Tesla/ Germany: ’glorious success’ or Schnapsidee?

Summary:
German politicians are very excited right now about Elon Musk’s announcement that he will open one of Tesla’s Gigafactories close to Berlin. (A quick primer on what a Gigafactory is: it’s a normal factory where widgets are manufactured like in any other, the only difference is this factory is blessed by Saint Elon of Musk.)AP quoted economy minister Peter Altmaier as saying the mooted opening, announced Tuesday evening local time, was a "glorious success" for Germany's attractiveness as an auto industry location. Perhaps. But, judging by Mr Musk’s previous, it might not be such a success for German workers, the locals, or ultimately Tesla itself. It’s easy to see why the likes of Altmaier are so thrilled by a Tesla decision -- its pay-off for their recently unveiled environmental strategy.

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German politicians are very excited right now about Elon Musk’s announcement that he will open...

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