Tesla Inc (NASDAQ:TSLA) is building a new electric vehicle plant in Brandenburg, which is on the outskirts of Berlin and the 4th Gigafactory in the world. Tesla plans to establish 5th Gigafactory in Texas for the manufacture of Cybertruck. Its other Giga plants are situated in Nevada; Shanghai; and New York.
Peter Altmaier assures assistance to Elon for the EV plant
Elon Musk, CEO of Tesla held an hour-long discussion with Peter Altmaier, the economy minister in Germany, on Wednesday in Berlin. The discussion mainly focused on the billion Euros investment of Tesla in Germany. Peter assured Elon that Germany will provide all the necessary assistance to build the factory.
Elon and Peter previously met 6 years back and discussed establishing projects in areas such as autonomous driving and space flight. Both have not revealed the details of the current discussion to the public. According to Bloomberg, Peter said Elon during the discussion that the nation is proud to get your EV plant in Germany and offered him best wishes for the plant.
Tesla announced plans to establish its first Gigafactory in Europe in November 2019. Accordingly, its 4th car factory worldwide is under construction on the outskirts of Berlin, Germany.
Annual production capacity
The annual manufacturing capacity of Brandenburg based Gigafactory will be 500,000 vehicles. It expects to employ up to 12,000 people in Germany. Tesla targets to operationalize the plant in the summer of 2021.
Elon also held a chat with Dietmar Woidke, the state premier, during his stay in Berlin. In a news release, Dietmar said the conversation is pleasant and focused.
Factory development halted in February 2020
Factory development is halted in February 2020, because environmentalists raised concerns about Tesla’s plan to clear the trees for the new plant. The local government responsible for handing over the site to Tesla permitted clearing the forest land of 91 hectares ignoring the protests of environmentalists and allowed construction.
During his visit to Germany, Elon also visited Tubingen based Cure Vac, which engages in the vaccine development, before flying to Berlin. Tesla intends to develop mobile molecule printers to support the potential coronavirus vaccine.