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Key Words: Elon Musk says he chose Berlin over U.K. for Tesla battery factory due to Brexit

Reuters
Tesla CEO Elon Musk

There are certainly good reasons for picking Germany, and Berlin in particular, as a site for a battery plant and a research-and-development center for Tesla Inc.

But in a quick interview with Auto Express, Tesla TSLA, +1.40% co-founder and Chief Executive Elon Musk made clear why he didn’t consider the U.K.

“Brexit made it too risky to put a Gigafactory in the U.K.”

Elon Musk

Musk didn’t elaborate. A reporter for the BBC, Faisal Islam, tweeted that one issue Brexit raises for Tesla in particular is whether parts produced in the U.K. would qualify as E.U. content.

Related:Elon Musk says Tesla will build gigafactory near Berlin

The U.K. seems likely to pursue a path of Brexit, as election polls show the Conservatives with a sizeable lead over Labour. U.K. Prime Minister Boris Johnson has reached an exit agreement with the European Union that has yet to be ratified by the U.K. Parliament.