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Elon Musk says Tesla will build cars in Berlin – CNN, CNN

Elon Musk says Tesla will build cars in Berlin – CNN, CNN


London (CNN Business)Less than three weeks afterstarting trial production of cars in China, Tesla has announced the location of its second factory outside the United States: Berlin, Germany.

In a tweet Tuesday, Tesla’s billionaire CEO Elon Musk said the plant would build batteries, powertrains and vehicles, “starting with the Model Y.”

The move takes thegreat electric car racetoVolkswagen’sVLKAF)backyard. The German car giant has made the most aggressive move of the traditional auto companies into electric vehicles, announcing plans to invest € (billion) $ 33 billion) to electrify its entire product lineup over the next four years.

Volkswagen has just started making its new ID.3 electric car series and recently announced a deal with Sweden’s Northvolt to build a giant battery factory in Germany.

    Tesla(TSLA)has alreadyposted jobsfor construction, operations, engineering and manufacturing workers for the factory in the German capital.

    This is a developing story and will be updated.

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