Earlier this year Musk tweeted: “We will need to build a factory in Europe to serve long-term regional demand as Fremont reaches max capacity.” This is in addition to the assembly facility in the Netherlands.

The group said Paterna has just been approved to apply as one of the candidates for the factory and set out reasons as to why it should be the best choice, including its location just a few miles away from Valencia, giving access to an international airport, merchant harbour in the entire Mediterranean Sea at your disposal and the development of international high speed train lines from other countries such as France and Germany under the Mediterranean Railway Corridor project.

It also highlighted that Spain is a worldwide leader in renewable energies and that about 50% of Spain’s energy comes from renewable sources. The group also said that although Spain's government has recently approved a new national law on self-consumption of energy, the vast majority of Spanish Congress members have reportedly agreed to override this act – it added that having Tesla’s interest in Spain would accelerate this process.