Elon Musk opens Tesla’s first European factory in Berlin Business

The move to Germany puts Tesla in direct competition with Volkswagen, which sold the most electric vehicles in Europe last year.

Tesla’s Model 3 was the most popular electric car in Europe and the second most popular vehicle of any type in the UK last year.

Mr Musk said Brexit uncertainty ruled out the UK as a destination for his European gigafactory.

On Tuesday, the U.S. Securities and Exchange Commission (SEC) said it would continue to monitor the billionaire’s tweets despite Mr Musk’s efforts to scupper a deal between him and the regulator.

“As long as Musk and Tesla use Musk’s Twitter account to disclose information to investors, the SEC can legitimately investigate matters relating to Tesla’s disclosure controls and procedures, including Musk’s tweets about Tesla, as well as the accuracy of Tesla’s public statements regarding its controls and procedures,” the SEC said.