An incentive package prompts the electric car maker to build its plant and offices there.
Tesla Motors Inc., aiming to be the first high-volume maker of electric cars, plans to build a $250-million plant to produce sedans in San Jose and move its headquarters to the same facility.
The factory initially will employ about 1,000 people and be able to produce 15,000 cars a year when it opens in late 2010, Chief Executive Ze'ev Drori said Wednesday.
Construction costs will be more than $100 million. As part of an incentive package from the state, California will buy and lease to Tesla assembly machinery valued at about the same amount, he said.
Full article: latimes.com
Labels: California, car, electric, Tesla
