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Nov. 12, 2019, 4:38 p.m. EST

Elon Musk says Tesla will build gigafactory near Berlin

Facility would be Tesla’s second outside the U.S., after China

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By Robert Wall


Reuters
Robotic arms assemble Tesla Model S sedans at the company's factory in Fremont, Calif.

Tesla Inc. Chief Executive Elon Musk said the auto maker would build a planned European plant to assemble electric vehicles in Germany.

The facility would be located in the southeast area of Berlin, Musk said at a car awards ceremony in Germany. That would place it close to where a new international airport is being developed, he said. Tesla will also set up an engineering and design center in the area, Musk said.

Tesla /zigman2/quotes/203558040/composite TSLA -2.48%   currently makes its electric cars in the U.S. and has started building them in China, too. Deliveries from the Chinese facility haven’t begun.

Tesla has previously said it would produce its mass-market Model 3 at the European facility, as well as the Model Y compact sport-utility vehicle.

An expanded version of this report appears on WSJ.com.

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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,452.71
-36.87 -2.48%
Volume: 8.90M
Aug. 7, 2020 4:00p
P/E Ratio
756.03
Dividend Yield
N/A
Market Cap
$270.73 billion
Rev. per Employee
$439,627
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