Saturday, January 16, 2021

Tesla 'Deposit' Update

 I essayed about this earlier in the week.....there's a state bond that has been mandated upon Tesla and the factory going up.  The amount?  100 million Euro....payable to the Brandenburg Environment Agency.

Due date?  Well...the first date established was 17 December 2020.  Nothing showed up.  So they set up the second date....15 January 2021.  Nothing showed up.

The Agency has now given them until 20 January (as N-TV tells the story) to deposit the money.

The purpose of the bond?  Amusingly enough....money to tear down the plant if a problem develops in its environmental plan. 

Will Tesla pay it?  I'm guessing they are engaging with the federal government, and want them to cover it in some way or to write a waiver.  In this case though...it's a state issue, and other than passing federal money into this pot, I don't see the federal folks correcting the problem.

Was the requirement known by Tesla before the deal was established?  No one is really saying that, and I suspect it's a fair shock to Tesla to go and find this out months later.

Would this be enough to dump the factory entirely?  There are around a dozen issues that I've noticed in the past six months (the biggest one is a limited water supply in the local area, and almost no willing nature to get a path ahead on the water issue).  So I'll admit it....it probably wouldn't take much more for Tesla to identify a new site in Czech or Poland, and dump this whole German factory idea.  

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