The Traderszone Network

Published in TZ Latest News 8 November, 2016 by The TZ Newswire Staff

Tesla Motors, Inc. to Acquire German Engineering Company

Ever since electric-car maker Tesla Motors (NASDAQ: TSLA) moved its ambitious production target for achieving a 500,000 annualized build rate two years earlier, from 2020 to 2018, management has made it clear: Manufacturing is the company’s top priority. And Tesla’s Tuesday morning announcement that it is acquiring German engineering company Grohmann Engineering and forming Tesla Advanced Automation Germany puts more substance behind Tesla’s ambition.

Tsla Stock Tesla

read more