Tesla raises Berlin battery plant investment by 250 million
Tesla will increase its investment in battery cell production at its Berlin plant by nearly $250 million. The move aims to boost annual capacity from 8 to 18 gigawatt hours while creating over 1,500 new jobs. The company currently employs 11,000 people at the Gruenheide site.
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TESLA INC will increase its battery cell production investment in Germany by $250 million, boosting the Gruenheide facility's capacity. TESLA INC announced €1 billion (~$1.2 billion) in December; the additional $250 million brings total investment to approximately $1.45 billion. The expansion more than doubles annual production targets to 18 gigawatt hours.
