Tesla has been talking about building a complete car assembly factory in Europe for years, but the carmaker claims it will now be shut down for its European gigabyte.
Tesla European Factory
Not well known, but Tesla has had a "final assembly" plant in Europe for a long time.
The factory is located in Tilburg, the Netherlands and the car maker has expanded the factory to a new facility with an area of 78,000 square meters (840,000 square feet). back in 2015
The Tesla Tesla factory in Tilburg carries out the final assembly and testing process for S and Model X cars that go to some European markets, including the Netherlands, Belgium, France and Germany. The plant has a test track for quality tests before the cars go out to the new owners.
But Tesla has also talked about deploying more substantial production capacity in Europe so that cars can be produced from scratch on the market. 1
Chief Executive Officer Elon Musk talks about a complete battery and vehicle factory in Europe for a while. Tesla had to confirm the location of a factory in 2017, but that did not happen.
Last year, Musk said Germany was the "leading choice" for a factory in Europe and even specified that "German-French"
Now Tesla says it "is accelerating" its efforts to bring gigabytes to Europe.
The car writes in her last letter from the shareholder this week:
We are also accelerating our efforts in European giants and we hope to finalize the choice of place in the coming quarters. "
In a conference call after the letter was posted, Muscu added:" We also have to finalize a location for our European giant branch before the end of the year. "
The Chief Executive also said he expects the construction to be" underway "within the next 12 to 18 months and trigger the European gigabyte by the end of 2021.
 We hope the third time is the charm, because Tesla talked about being near the announcement of Gigafactory in Europe in two separate cases before.
5 billion dollars in the bank and that's more cash than they ever had. Several European countries are closing their batteries and electric cars in their market, and Tesla is likely to receive incentive packages.
With cash, a good stimulus package and improvements in Tesla's capital efficiency to deploy production capabilities, it may be the perfect time to start a European factory and put it into operation just in time for the launch of Model Y in Europe.
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