September 17, 2008
Telsa Motors to Build Plant in California
Green-tech car company Tesla Motors Inc. said Wednesday it would construct a $250 million plant in San Jose, Calif., to build zero-emission luxury sedans.
Construction on the site would begin in summer of 2009, with the finished facility eventually adding 1,000 jobs to the area, a company statement said.
Tesla said it had no plans to move production of its all-electric, two-seat Roadster to the U.S. Currently, it is produced in Hethel, England.
The San Jose plant will produce the Model S, a five-passenger luxury sedan powered by a lithium-ion battery pack.
The car is projected to run about 240 miles with one charge and sell for about $60,000.
Tesla expects the first models to be ready for the market in late 2010.