Here is everything we know so far about Elon Musk's new Tesla factory in Berlin - Business Insider

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Here is everything we know so far about Elon Musk's new Tesla factory in Berlin

Where exactly will the Tesla factory be built?

The so-called Gigafactory will be built on an industrial site in Grünheide, Brandenburg, which is only a few miles east of the state border between Brandenburg and Germany's capital, Berlin. Almost 20 years ago, this exact site was already being discussed as a possible location for a BMW plant, but the German carmaker opted instead to move to Leipzig, where it has since been building its electric car, the i3.What will be produced in the Gigafactory?

On Tuesday evening, Musk announced on Twitter that the new factory will not only produce cars but also batteries and powertrains for electric vehicles. The first model to come off the assembly line in Berlin will be Model Y. This will be followed by the SUV version of the Model 3, which is not on the market yet.The Senate in Berlin announced that it expects thousands of new jobs from the planned Tesla factory in Brandenburg.

Details of the discussion that convinced Tesla could be announced this evening by the state government. "We have tried to convince [Musk] with the advantages to the location that we have. But I think we also used our Brandenburger charm," German politician Dietmar Woidke said.

 

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It's a pump to raise capital or just simply to juice the stock price. Falling demand in Europe and another factory already built in China means this will never happen.

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