Yesterday, San Jose authorities approved the lease of nearly 90 acres of city-owned land and Tesla Motors announced that they’re planning on building a $250 million facility in California, where they’ll assemble the upcoming Model S electric sedan. Tesla was planning on building the plant in New Mexico, but Gov. Arnold Schwarzenegger and state Treasurer Bill Lockyer worked out a tax break for the Silicon Valley company. Actually, Arnie is such a big fan of the project that he, along with several other celebrities, like George Clooney and Kelsey Grammer, allready placed their orders for the Roadster.
According to Tesla, the new facility will create around 1,000 jobs and will produce 1,500 Roadsters starting next year and 15,000 Model S, after the electric luxury sedan will be launched in the fourth quarter of 2010. Though the Model S will be priced at around $60,000, Tesla’s CEO Ze’ev Drori announced that they’re also planning on creating cheaper and more affordable electric cars, that could appeal to a larger audience. “It is our intention to service the entire market [..] We are not a niche player. We are going to work down the road on cars which will be substantially less expensive again.”
Source: Detroit News
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