Tesla Gigafactory 4 Will Be Built In Brandenburg, Germany; Cost $4 Billion & Employ 3,000

Tesla Gigafactory 4 Will Be Built In Brandenburg, Germany; Cost $4 Billion & Employ 3,000

4 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/tesla-gigafactory-4-germany-brandenburg/

Last week news broke that Tesla Inc (NASDAQ:TSLA) plans to build a fourth Gigafactory in Germany. The automotive manufacturer is expanding its production throughout the globe, and its Gigafactory 3 in Shanghai, China is expected to help it reduce operating costs and improve profit margins. The company's decision to confirm the fourth Gigafactory's location was met with optimism on the market, as Tesla's shares closed higher on the 12th of November when the company's CEO Elon Musk confirmed the news.

Now, we've got estimates of the amount of money that Tesla intends to invest in Germany and the number of cars that the plant will churn out in a year among other details Take a look below for more.