Source: Zero Hedge
Tesla Is Cutting Down “Thousands Of Trees” To Put Up Its German Gigafactory 4 It’s another wonderful case of Elon Musk telling the world “do as I say, not as I do”… Emboldened by the success of Tesla’s Gigafactory 3 in Shanghai (i.e. it caused a short squeeze in the stock), the company is now pushing non-stop to get its Gigafactory 4, which will be located in Gruenheide, outside of Berlin, Germany, up and running. The company is taking a direct swipe at major German auto manufacturers like BMW and Volkswagen with the decision to put its factory in Germany. Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler said: “Elon Musk is going where his strongest competitors are, right into the heart of the global auto industry. No other foreign carmaker has done that in decades given Germany’s high wages, powerful unions and high taxes.” The company hopes that the site could churn out as many as 500,000 cars per year and employ 12,000 people. The plant is slated to include a pressing plant, paint shop and seat manufacturing in a building that will be 2,440 feet long.