![]() This news is not a sudden development if you’ve been following Mr Musk and Tesla. By December 2018, construction activity at the site was underway with site grading to level the foundation. There has been significant activity already happening within the area. Drone images of the massive new facility were up on the internet, where one could observe a perimeter covering the entire site. The media frenzy around the event has been immense. According to Tesla CEO Elon Musk, the company will spend about $2 billion on Gigafactory 3. About 860,000 square meters (~210 acres) has been earmarked for the factory in Shanghai’s Lingang Industrial zone. Early January this year, Elon Musk arrived in Shanghai for the groundbreaking ceremony of this new Tesla facility. The Gigafactory 3 is going to be set up in Shanghai, China. ![]() The company will set up its first manufacturing facility outside of the US in China. Tesla announced big news to kick off the New Year.
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