Tesla’s German Plant To Produce 500,000 Cars A Year
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Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany’s Bild newspaper reported on Wednesday.
Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles.
German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros ($4.41 billion) in the plant.
Tesla’s Gigafactory will create 10,000 jobs, Bild said, citing planning documents to develop the site which is as large as 420 soccer pitches.
Construction will start in 2020, the newspaper reported. Tesla declined to comment on the Bild article or on its expansion plans.
Questions & Answers
Q.What types of Tesla vehicles are planned for production at the new German plant?
What types of Tesla vehicles are planned for production at the new German plant?
The new factory in Gruenheide, Brandenburg, is expected to produce Tesla Model 3 and Model Y vehicles. These models were specifically mentioned by Tesla's Chief Executive Elon Musk when announcing the chosen site last month.
Q.How many new jobs is Tesla's German Gigafactory expected to create?
How many new jobs is Tesla's German Gigafactory expected to create?
According to planning documents cited by Germany's Bild newspaper, the Tesla Gigafactory is projected to create 10,000 jobs. This significant employment increase is a key aspect of the new plant's development.
Q.What is the estimated investment Tesla will make in its new plant near Berlin?
What is the estimated investment Tesla will make in its new plant near Berlin?
German newspaper Frankfurter Allgemeine Zeitung reported that Tesla plans to invest up to 4 billion euros in the plant. This substantial investment highlights the scale of the company's European expansion plans.