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Tesla announced its first European Gigafactory 1 year ago today: A timeline
One year ago today, Tesla CEO Elon Musk announced that the automaker would open a production facility in Germany. Upon accepting an award at the Golden Steering Wheel awards alongside Volkswagen CEO Herbert Diess, Musk shocked Tesla fans everywhere by revealing its intentions. But what has transpired for the electric automaker since then is a culmination of hard work, dedication, efficiency, and a little bit of luck, and Tesla has been able to erect several buildings of the facility just eleven months after the beginning of the construction process.
November 12, 2019: Elon Musk announces Giga Berlin
“Everyone knows that German engineering is outstanding, for sure. That’s part of the reason why we are locating our Gigafactory Europe in Germany. We are also going to create an engineering and design center in Berlin, because Berlin has some of the best art in the world,” Musk said at the Golden Steering Wheel Awards in Germany last year. Musk also stated that the Model Y would be the initial focus of the new Gigafactory’s production lines.
Tesla CEO Elon Musk and Volkswagen CEO Herbert Diess exchange compliments at an award ceremony. (Credit: YouTube/AUTO BILD)
December 2019: Permits and Regulatory Approval
Tesla was working with the local government in Brandenburg to gain regulatory approval to begin ground clearing measures on the 741-acre plot of land that the automaker had purchased for a bargain price. After the land sale price was finalized, along with the permission of local authorities, Tesla could begin making progress on the land.
Credit: YouTube/J.-U. Koehler
January 2020: Ground clearing begins
After Tesla received preliminary approval, ground clearing began. While this sparked some controversy and concern from environmental groups, Tesla had already been planning to replace trees in areas surrounding Brandenburg, promising to replant three times as many trees as it had removed from the property. To be clear, the trees that were removed were of “inferior quality,” according to Grünheide Mayor Arne Christiani, as they were used for commercial cardboard production.
Credit: Emil Senkel
April 2020: Groundbreaking imminent, land preparation nears completion
On April 20th, Giga Berlin construction crews worked on the ground leveling and excavation of the land at the site. With only 90 hectares of land free from the trees, Tesla had its work cut out. Just a few days before ground leveling, the final tree was removed from the land, making it completely clear of any trees, all while not harming any wildlife.
Credit: YouTube | Giga Berlin / Gigafactory4, build GIGABERLIN
May 2020: Foundational work gets approval, begins
Foundational work began appearing at the site in late May. Tesla had to abide by some guidelines to keep drinking water protected and keep the noise down after 10 pm. Aquifers were also installed to protect any groundwater, which was a growing concern among local residents.
Credit: Twitter | @tobilindh
June 2020: Structures begin appearing, pillars and beams installed
The main pillars of the Drive Unit facility began appearing at the site, which were transported by train. Additionally, the installation of these pillars began just a few days later. It was the first structural portion of any of Giga Berlin’s facilities to be implemented, and prefabricated construction methods contributed to an accelerated construction effort at the site.
Credit: Twitter | @tobilindh
August 2020: Body In White construction begins, Drive Unit facility nears completion
The rapid pace of construction was evident as the Drive Unit facility neared completion, and the Body-in-White facility started construction. With pillars and beams being installed just two months prior for the first time, the rate of construction was certainly impressive. There was still plenty of work to go, however.
The Northern wall of the Drive Unit is nearly completed. (Credit: @gigafactory_4 on Twitter)
September 2020: Elon Musk’s First Visit to Giga Berlin
In a long-overdue visit because of the COVID-19 pandemic, Musk detailed Model Y redesign and battery cell production at the facility. Met with a warm reception, Musk’s first visit to Giga Berlin included visits with local politicians, including vocal supporter Jörg Steinbach, an economic minister.
Credit: @tobilindh | Twitter
Today: Where does Giga Berlin’s progress stand?
Currently, both the Drive Unit and Body-In-White facilities are constructed, with interior fittings being installed. Flooring and machinery have yet to make its way into these facilities, but progress is well ahead of schedule. While Tesla still lists Giga Berlin’s starting production date as Summer 2021, some of those in Europe have stated that deliveries could be expected in Q1 or Q2 2021.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
