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Monthly Journal: Traders' Insights Wanted!
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Tesla wins approval for Gigafactory Berlin expansion in Germany

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ The article reported that Tesla has won approval for its expansion of Gigafactory Berlin, its production facility in Germany, after a meeting between community members and local officials was held on Thursday. Community members expressed their potential concerns regarding the factory’s expansion at the Thursday meeting, but local officials chose to approve Tesla’s wishes.
The Vote
There were 19 total people who were able to vote. When deciding which way to vote, they considered over 300 comments from local residents. There were two different votes: one for an Urban Development Contract and another for the Expansion itself. 11 of the 19 voted yes to the Urban Development Contract. Mayor Christiani voted in favor of the contract. The same number of the 19 also voted in support of Tesla’s expansion, with Mayor Christiani also giving his thumbs up. Six voted against the expansion, with two abstaining.
My Take: Despite the fact that the media widely reported the protests outside Tesla, the local chose to vote yes to Tesla expansion. This shows that the protests represent only the minority of the community and are overblown by the media. From the investor point of view, I learned that it's important to read the whole content of the news and not just the headline. It's also critical to have a balanced view - read both positive and negative about an issue and not to be manipulated by those who just want to spread FUD (against Tesla).
Tesla wins approval for Gigafactory Berlin expansion in Germany
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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