Bild, Germany’s largest newspaper, reported today that Tesla’s new plant in Germany is planning to produce 500,000 electric cars a year. Tesla CEO Elon Musk announced last month that he plans to build a new plant in Berlin, Germany, mainly to produce model 3 and Model Y. The plant will be Tesla’s second electric car plant overseas after the Shanghai plant.
Tesla will invest up to 4 billion euros ($4.4 billion) to build its German plant, according to the Frankfurter Allgemeine Zeitung newspaper. Tesla’s German plant, which covers about 420 football fields, will create 10,000 jobs and construction will begin in 2020, Bild reported today.
Tesla needs to cut down up to 70 hectares of forest to build a German plant, according to previous media reports. However, Tesla has promised to replant in another area nearby after the logging, which will be three times the amount cut.
Still, the move has been questioned by some environmentalists because it could threaten the region’s rare animals.
Tesla’s German plant is expected to be completed and operational as soon as 2021. Some analysts say Tesla’s confidence stems from the speed with which its Chinese plants are built. Tesla’s Shanghai plant took only 10 months from January 7 and production on October 7.
The speed is amazing, but it’s also a milestone. According to Musk, Tesla plans to eventually build 10 to 12 electric vehicle manufacturing plants around the world.