FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake
November 12, 2019
(Reuters) – Tesla Inc <TSLA.O> Chief Executive Officer Elon Musk said on Tuesday the electric-car maker is going to build a new vehicle factory as well as an engineering and design center in the German capital, Berlin.
He said in an awards ceremony in Germany the factory will be near the new Berlin airport. Musk had said in June last year that Germany is a front runner for its first factory in Europe.
Tesla has an engineering firm in Pruem, Germany, that specializes in automated manufacturing systems for battery-making plants.
In October, Reuters reported that the automaker is aiming to start production for its factory in China amid uncertainties around orders, labor and suppliers.
The automaker reported a profit in its third quarter in late October, surprising investors who doubted about Tesla’s profitability and its ability to compete with larger global rivals.
(Reporting by Ayanti Bera in Bengaluru; Editing by Shounak Dasgupta and Arun Koyyur)
