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Photo: Yichuan Cao/NurPhoto via Getty Images

Tesla CEO Elon Musk announced Tuesday that the electric automaker's planned European factory will be located near Berlin, Germany.

Driving the news: It marks the Silicon Valley electric automaker's second international plant, joining a recently launched facility in China.

  • Musk said the plant would build batteries, powertrains and cars, starting with the planned Model Y, a small SUV.
  • The company hopes to have the plant running in 2021, according to multiple reports.

Why it matters: Tesla will "compete with some of the world’s biggest auto makers on their home turf," the WSJ notes.

  • "The move takes the great electric car race to Volkswagen's backyard," CNN writes, noting VW's heavy investments in EVs.

What they're saying: “It’s strategic to lure German automotive talent to Tesla, and it’s a statement that Elon wants to one-up auto companies from that region," Gene Munster of the VC firm Loup Ventures tells Bloomberg.

Go deeper:

Go deeper

Tina Reed, author of Vitals
7 mins ago - Health

Experts predict an easier COVID winter this year

Illustration: Annelise Capossela/Axios

This winter probably won't bring another crushing COVID wave, experts say.

Why it matters: Last winter was the deadliest phase of the pandemic, and many Americans are braced for cold weather to once again usher in a surge in cases and deaths. But there are good reasons to think this year won't be nearly as bad.

Not enough votes for corporate tax hike, Biden says

President Biden speaks at the Electric City Trolley Museum in Scranton, Pennsylvania. Photo: Hannah Beier/Bloomberg via Getty Images

Democrats don't have the votes to raise corporate taxes, President Biden admitted at Thursday's CNN town hall in Baltimore, Maryland, where he went into detail on the state of negotiations concerning the massive reconciliation bill.

Why it matters: Democrats are still negotiating what will go into the bill. Divisions within the party have stalled the legislation for weeks.

Biden signals openness to ending filibuster for voting rights legislation

President Biden participates in a CNN town hall at Baltimore Center Stage in Baltimore, Maryland on Oct. 21, 2021. Photo: Nicholas Kamm/AFP via Getty Images

President Biden said Thursday at a CNN town hall he'd be willing to consider doing away with the filibuster in the Senate in a bid to protect voting rights and "and maybe more."

Why it matters: With an evenly split Senate, legislation requires at least 10 Republican votes making it highly unlikely any new voting rights bill would pass with the filibuster in tact.