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Musk confirmed on Twitter Tuesday that the new Gigafactory in Europe would make batteries, powertrains and even electric vehicles, \"starting with the Model Y.\"

The new Gigafactory will be built near the Berlin airport.

\"Our European Gigafactory is expected to produce both Model 3 and Model Y,\" Tesla said in a memo to investors late last month prior to the announcement, adding that production is expected to begin in 2021.

\"PHOTO:
AFP via Getty Images
PHOTO: The town hall in Gruenheide stands near Berlin, November 13, 2019. US automotive and energy company Tesla's CEO Elon Musk announced on Nov. 12, 2019 in Berlin the construction of a new "gigafactory" in the outskirts of the German Capital city.
>

 

Shortly after making the announcement, Musk told auto industry publication Auto Express that he chose not to put the new production factory in the U.K. because of uncertainty over Brexit.

\"Brexit ... made it too risky to put a Gigafactory in the UK,\" Musk said.

\"PHOTO:
AFP via Getty Images, FILE
PHOTO: Tesla CEO Elon Musk views the new Tesla Model Y at its unveiling in Hawthorne, Calif., March 14, 2019.
>

 

The announcement comes just a few weeks after the automaker announced $143 million in Quarter 3 profits and that its new Gigafactory in Shanghai had been completed ahead of schedule, in just 10 months, and is \"ready for production\" pending final governmental approvals.

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