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12/11/2019, 9:52 AM (Source: TeleTrader)
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Tesla German factory to make 500K cars - report

American automaker Tesla is reportedly planning to build 500,000 electric vehicles a year at its new factory 140 km from Berlin, near Brandenburg. German media reported on Wednesday, citing planning documents of the site development, that Tesla will invest approximately €4 billion in the plant and employ around 10,000 people. The construction of the factory should begin in 2020.

Tesla Chief Executive Elon Musk previously said the site, the size of a 420 soccer pitches, will be used to build Tesla Model 3 and Model Y vehicles.

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

Breaking the News / TF