Tesla has been talking about building a full car assembly plant in Europe for years, but the car manufacturer claims it is finally closing in on a place for the European Gigafactory.
Tesla European Factory
It is not well known, but Tesla has had a "final assembly" factory in Europe for a long time.
The factory is located in Tilburg in the Netherlands, and the car manufacturer expanded the factory to a new 78,000 square meter facility back in 2015.
Teslas Tilburg factory performs the final assembly process and testing for Model S and Model X cars to be used. certain European markets, including the Netherlands, Belgium, France and Germany. The facility has an indoor test track for quality testing before the cars go out to new owners.
But Tesla has also talked about using more substantial production capacity in Europe to be able to build cars from scratch in the market. [1
CEO Elon Musk has been talking about a full battery and car factory in Europe for a period now.
Several European countries have even launched campaigns to try to attract Tesla in the home market.  Tesla would confirm a site for a factory in 2017, but it never happened.
Last year, Musk said that Germany is the "leading choice" for a factory in Europe, and he even specified that "the German-French border is sensible." For a factory near the Benelux countries.
Now, Tesla says it "accelerates" its efforts to bring a Gigafactory to Europe.
The automaker wrote in his last shareholder letter this week:
We also accelerate our European Gigafactory efforts and hope to end a choice of location in the coming quarters. "
In a conference call after the release of the letter, Musk added:
" We must also complete a site for our European Gigafactory before the end of the year. "
CEO also said he expects the construction to be" well underway "over the next 12 to 18 months and to have the European Gigafactory operational by the end of 2021.  Electrek & # 39; s Take
Hopefully, the third time is the charm because Tesla has talked about being close to announcing a Gigafactory in Europe on two other separate occasions before.
But I think it's more reasonable now.
Tesla has $ 5 billion in the bank, and there is more money on hand than they have ever had. Several European countries are hiding after having batteries and EV factories in the market, and Tesla is likely to get incentive packages on the table.
With cash on hand, a good incentive package and Tesla's capital efficiency improvements to distribute manufacturing capabilities, it may be the perfect time to start working on a European factory and keep it operational just in time for the launch of Model Y in Europe.
What do you think? Please let us know in the comments below.
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