Sunday , December 15 2019
Home / FT Alphaville / Tesla/ Germany: ’glorious success’ or Schnapsidee?

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.

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Miles Kimball writes The Federalist Papers #3: United, the 13 States are Less Likely to Stumble into War

Menzie Chinn writes Guest Contribution: “The currency composition of foreign exchange reserves”

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-12-14 19:27:05

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-12-14 15:36:30

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

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *