- Tesla disputed the allegations in a filing with the Securities and Exchange Commission in the US published at the end of October
- Tesla said in the filing it already filed an objection in Germany, but said the $14 million it has to pay as of now will not affect its business operations
As per a report by Cnet, Germany served Tesla a $14 million fine after the country said the electric carmaker failed to comply with battery recycling duties. It added that Tesla disputed the allegations in a filing with the Securities and Exchange Commission in the US published at the end of October.
The report added that as per the filing, Tesla said it adhered to all battery recycling procedures as regulated in Germany. The fine is about Tesla taking batteries from its EVs when they reach the end of their useful life and recycling them in an environmentally friendly manner. As per the report, German regulators don’t think Tesla has done that though Tesla disagrees and said the fine comes from administrative requirements.
Not affect its business operations
As per the report, Tesla said in the filing it already filed an objection in Germany, but said the $14 million it has to pay as of now will not affect its business operations. It may spend up to $12 billion as it expands its manufacturing operations around the globe. It includes Berlin as well. Tesla is working on a new gigafactory to build electric cars in Europe. It also has a new Gigafactory planned for Austin added the report.
Recently, Tesla’s chief executive officer Elon Musk said that Tesla will enter Indian market in 2021. He said this while replying to a Twitter query and said that Tesla will enter India “next year for sure”.
He was asked by a Tesla fan club, Tesla Club India if he could give some idea about the company’s plan to enter the Indian market. There are also reports that Tesla has held discussions with the Karnataka government for possible investments for a research facility in Bengaluru. It is expected that there will be another meeting soon in which the government officials are likely to present a proposal to Tesla.
