Tesla will build its next Gigafactory in Europe and it will produce more than just batteries, CEO Elon Musk said Tuesday.
Musk said that Tesla plans to establish a combined vehicle and Gigafactory in Europe, where both batteries and vehicles can be produced on site. Tesla plans to eventually have at least one, if not multiple, battery and vehicles facilities in Europe, he said.
However, it will likely be awhile before this hybrid factory becomes a reality. The company will begin looking for locations for its second Gigafactory next year, Musk said. For now, though, the company remains focused on getting ready for Model 3 production, which is slated for the end of 2017.