Tesla factory outside Berlin to cost €4 billion
New details have emerged about Tesla's plans for a brand-new "Gigafactory" outside of Berlin. The massive project is set to bring thousands of jobs to the area, with construction slated to begin in early 2020.
Tesla plans on investing up to €4 billion ($4.4 billion) in a new electric car factory near Berlin, German media reported on Sunday.
The new "Gigafactory" is due to be built in the town of Grünheide outside the German capital and will be Tesla's first European car and battery plant.
The Brandenburg state government told news agency DPA that at least 3,000 people could be employed at the factory, and that the number of employees could rise up to 8,000 after an expansion.
Construction on the massive project is slated to begin in the first three months of 2020, with the plant expected to be up and running by the end of 2021.