Tesla CEO Elon Musk intimated during the company's annual shareholder meeting.

The location for a new gigafactory will be chosen by the end of the year.

He laughed. "I'm half Canadian," Musk said. Perhaps I should."

During last week's shareholder meeting, Musk stated that Tesla might eventually have 10 to 12 gigafactories throughout the world.

Tesla has constructed gigafactories in Berlin and Shanghai, and the United States accounts for the vast bulk of Tesla vehicle sales worldwide.

As a result, it stands to reason that the corporation will pick another North American location for its future facility.

Ontario may not need much convincing to accept a Tesla gigafactory.

The region already has a vibrant automotive economy that benefits from its proximity to Detroit.