11/12/2019, 9:51 PM (Source: TeleTrader)
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Musk announces plans for 'Gigafactory' in Berlin

Tesla Inc.'s chief executive officer Elon Musk (pictured) announced on Tuesday the company plans to build a fourth Gigafactory in the Berlin area.

"Everyone knows that German engineering is outstanding and that's part of the reason we’re locating our Gigafactory Europe in Germany," Musk stated adding Tesla will also create an engineering and design center in the country's capital.

Musk announced earlier last week the automaker plans present its electric pickup truck.

Breaking the News / MD