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Its German plant for the production of 500,000 cars a year: Picture

FILE PHOTO: the logo of The company is shown on a Tesla Model X electric car, in Berlin, Germany, on the 13th of November 2019. REUTERS/Fabrizio Bensch

FRANKFURT (Reuters) – Tesla is planning to build 500,000 electric vehicles a year at its new factory located on the outskirts of Berlin, the German newspaper Bild reported on Wednesday.

Last month, Tesla Chief Executive, Elon Musk, announced that there would be a site located in Gruenheide, Brandenburg, was chosen for the construction of Tesla’s Model 3, and Model-Y cars.

The German newspaper, the Frankfurter Allgemeine Zeitung newspaper reports that Tesla will be investing up to € 4 billion in the plant.

Tesla’s Gigafactory will create 10,000 jobs, Bild said, citing planning documents, to develop the site, which is just as big as the 420 football fields.

Construction will Start in 2020, the newspaper reported. Tesla did not respond to requests for comment.

Reporting by Edward Taylor; editing by Jason Neely

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