Tesla Battery Permit For Giga Texas Challenged By Environmentalists: Here's What They Want

Zinger Key Points
  • Tesla had a previous run in with environmental activists over its Giga Berlin factory.
  • The developments in Austin, Texas come after Tesla was kicked out of S&P 500 ESG index.

A group of environmentalists has requested the city of Austin to withhold Tesla Inc’s TSLA permits for building a battery cathode facility near the Colorado River, local news publication Austonia reported citing a letter from the activist group.

What Happened: In a letter to Austin Mayor Steve Adler, a group named People Organized in Defense of Earth and Her Resources said the manufacturing process will require a substantial amount of water and chemicals, which would result in forming a hazardous waste stream.

“Where will the toxic waste end up? How will Austin ensure that it doesn’t pollute the water?” the letter asked.  

The activist group is demanding that the city wait on permit approval until the company makes commitments to engage with the community and protect the environment. 

Tesla did not immediately respond to Benzinga’s request for comment.

See Also: 'Ridiculous,' 'Wacktivism:' Cathie Wood, Elon Musk React To Tesla's Removal From S&P 500 ESG Index

Why It Matters: This is not the first time Tesla has been confronted by environmental activists. The EV maker’s Giga Berlin factory, which opened earlier this year, struggled to secure approvals for months after local activists opposed its opening.  

The development comes a week after Tesla was kicked out of the S&P 500 ESG index, which includes companies that follow environmental, social and governance principles. 

Price Action: Tesla closed 6.9% lower at $628.2 on Tuesday.

Posted In: People Organized in Defense of Earth and Her ResourcesSteve AdlerNews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.