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Tesla factory in Germany soon back in operation after sabotage by left-wing extremist group
The far-left 'Vulkan group' claimed responsibility for the attack by announcing that they had sabotaged Tesla by targeting the power supply near the factory. Their actions drew strong reactions, not least from Germany's Interior Minister Michael Stübgen, who called the incident an 'insidious attack'. The motive behind the sabotage seems to be partly linked to local and environmental protests against Tesla's expansion plans. The company has expressed a desire to expand its operations, which include part of a water protection area, which has created tension with the local community and environmentalists.
This attack did not mark the first time the 'Vulkan group' has turned its attention to Tesla; they are also suspected of a similar sabotage of the factory in 2021. This has further highlighted the tense relations between the car giant and certain groups within the community.
On the stock market, the incident led to a drop in Tesla's share value, which fell by over 2 percent in futures trading on Wall Street, having already fallen by more than 7 percent earlier. This decline came in the wake of reports of weaker delivery figures from China, which further contributed to the negative trend in the company's market capitalization.
Despite the initial halt in production and the financial implications, it now looks like Tesla may resume production earlier than expected. After intensive efforts to repair the damage from the fire attack, it was reported that the factory could possibly return to production as early as Monday evening. However, this rapid restart attempt comes after a week of stalled production, which is estimated to have cost Tesla billions of dollars due to the delayed production of around 6,000 cars.
The situation continues to evolve, with both support and protest actions surrounding Tesla's presence and future expansion in Grünheide. Recent events point to a continued tense relationship between the tech giant and certain segments of the local community and environmentalist groups, while authorities are now treating the attack as a matter of national security and potential terrorism.