Elon Musk denied the rumours which said that Tesla has selected a Russian city as its next location for a new Gigafactory.
A local media in Russia reported that the Tesla CEO has decided to build Tesla's next factory in Korolev.
Musk took on the social media and wrote, "Tesla has not yet decided on a fourth Gigafactory location."
He also said that the company has not yet decided the location for the factory but are currently in the process of making a decision.
The company is in the process of starting production at two new massive factories which are Gigafactory Berlin and Gigafactory Texas. These two factories are expected to contribute four times the increase in production capacity.
There are also rumours in the market that Tesla would build a second Gigafactory in Europe and in Asia also.
According to a report, Tesla is expected to reach 1.3 million deliveries in 2022. The company also expects to deliver and sell more cars in the coming years.