Tesla one step closer to Gigafactory 4 construction as purchase contract approved

Tesla Gigafactory Berlin

Tesla this week received approval from Brandenburg’s Finance Committee to officially purchase the 300 hectare plot from the local government.

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Work has already begun on the site even before receiving final approval, as surveying and partial clearing of the site occurred recently.

The deal is worth €40.91 million (via The Bild), equating to less than €137,000 per hectare, a very good deal for industrial land in the area.

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Related: First drone flyover of Tesla Gigafactory Berlin shows how massive the site is

Tesla is aiming for construction of Gigafactory 4 to officially begin in Q1 2020, with it being complete and production of the Model 3 and Model Y beginning in 2021.

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