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Musk announced last November that the site of its first European factory would be in Berlin. Production is slated to begin there in 2021.

\"PHOTO:
Joe Skipper/Reuters, FILE
PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, Jan. 19, 2020.
>

Tesla's Gigafactory in Shanghai began delivering its first \"made in China\" cars last December after completing construction in just about a year. The Gigafactory in China was the company's first plant built outside of the U.S.  

Last month, Tesla overtook Germany's Volkswagen to become the second most valuable automaker in the world, when its market value surpassed the $100 billion mark. The company's stock has skyrocketed to record highs in recent weeks, at times even baffling many investors and analysts.

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