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Tesla Closer to European Foothold for Battle With German Rivals

  • U.S. carmaker, Brandenburg hammer out text for sale of land
  • Tesla also files environmental application for project
Tesla Motors Inc. Opens First Store In South Korea
Photographer: SeongJoon Cho/Bloomberg

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Elon Musk has moved a step closer to building his first car factory on the home turf of Volkswagen AG, Daimler AG and BMW AG as his company hammered out a contract to buy land in Germany.