Tesla plans to sell cars in Europe to establish the German factory will have an annual production capacity of 500 thousand cars.
In November, Tesla CEO Elon Musk announced that the location for the factory in Europe will be Germany.
In Germany, which is Europe's automotive center, Tesla has also attracted the attention of everyone, especially for electric cars where competition will be at a high level.
According to the German newspaper Bild, Tesla's factory in Germany will produce 500,000 cars annually.
The factory will also produce battery and electric motors. According to the news in the paper, the factory will start production with Model Y, which will be the brand's compact crossover.
According to another German newspaper Allgemeine Zeitung, Tesla's investment will be 4 billion euros.
This investment will bring 10 thousand jobs to Germany. The construction of the facility, which will be the size of 420 football fields, will start in 2020.
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