Tesla Seeks Approval for Battery-Cell Output at New Texas Plant

(Bloomberg) — Tesla Inc.’s new factory in Austin, Texas, won’t build only the Cybertruck: State filings suggest the company also plans to make batteries on site as part of an ambitious strategy to further integrate its supply chain.



a hand holding a remote control: Martin Sukup, an electrical engineer for Tesla Motors Inc., demonstrates the charging procedure on an S sedan before the grand opening of the Tesla Supercharger station in Lebec, California, U.S., on Friday, Oct. 19, 2012. T


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Martin Sukup, an electrical engineer for Tesla Motors Inc., demonstrates the charging procedure on an S sedan before the grand opening of the Tesla Supercharger station in Lebec, California, U.S., on Friday, Oct. 19, 2012. T

“The facility is proposing to operate a cell-manufacturing unit to produce the battery packs that are installed in the vehicle,” says an 188-page air-quality permit application filed with the Texas Commission on Environmental Quality. The documents Bloomberg reviewed were filed between July and September.

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Chief Executive Officer Elon Musk announced during the electric-car manufacturer’s quarterly earnings call in July that Tesla had chosen Austin as the site of its next plant. In

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Vedanta’s Profit Tumbles as India Lockdown Hurts Output, Demand

(Bloomberg) — Billionaire Anil Agarwal’s Indian commodities conglomerate Vedanta Ltd. posted a 23.5% drop in quarterly profit as one of the world’s strictest lockdowns hit production and demand.



a man walking down a street next to a river: Police officers walk along an empty road during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.


© Bloomberg
Police officers walk along an empty road during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.

Group net income slumped to 10.33 billion rupees ($141 million) in the three months to June from 13.51 billion rupees a year earlier, the company said in a statement late Saturday. Sales fell 25.9% to 156.87 billion rupees.

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Key Insights

Vedanta’s main businesses include zinc, aluminum and oil and gas, all of which have been hit by a

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