Tesla eyeing Spain factory: reports

Tesla Inc.

is considering a major investment in Spain, according to a slew of recent reports, including by Reuters and Spanish business publication CincoDias. CincoDias cited sources as saying the investment would be a new “gigafactory” for an estimated 4.5 billion euros investment in the Valencia area. Reuters reported that a Valencia government spokesperson confirmed meetings and conversations with an unnamed company about a large automotive investment, but declined to give more details.

is considering a major investment in Spain, according to a slew of recent reports, including by Reuters and Spanish business publication CincoDias. CincoDias cited sources as saying the investment would be a new “gigafactory” for an estimated 4.5 billion euros investment in the Valencia area. Reuters reported that a Valencia government spokesperson confirmed meetings and conversations with an unnamed company about a large automotive investment, but declined to give more details.

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Tesla considering building automotive investment in Spain - sourceU.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters.
Source: Reuters - 🏆 2. / 97 Read more »