Tesla to Acquire Parts of Insolvent German Parts Maker Manz
Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG, including more than 300 employees at its site in Reutlingen city in the southwest. The deal marks a wider presence by Tesla in Germany, where it runs a manufacturing site near Berlin. The acquisition is subject to merger control law and does not disclose the purchase price.
- This acquisition highlights the diversification of Tesla's supply chain management as it seeks to reduce its dependence on external suppliers, potentially mitigating risks associated with supply chain disruptions.
- How will this strategic move impact Tesla's competitiveness in the electric vehicle market, particularly in the context of increasing regulatory scrutiny on component sourcing?