Musk about to drive stake thru heart of German Auto Industry

If 500,000 cars per year is true, Musk will drive a stake thru the heart of all the German car manufacturers

Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany’s Bild newspaper reported on Wednesday.

German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros ($4.41 billion) in the plant.

Tesla’s Gigafactory will create 10,000 jobs, Bild said, citing planning documents to develop the site.

Construction will start in 2020, the newspaper reported. Tesla declined to comment on the Bild article or on its expansion plans.