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September 18, 2008 – Vol.13 No.26 Tesla to Produce All-Electric Luxury Sedan in California’s Silicon Valley. The nation’s leading all-electric car company plans to build a $250 million facility in San Jose to manufacture a zero-emission luxury sedan, the Model S. Tesla will also move its corporate headquarters and research and development efforts to the consolidated campus. Construction on the 89-acre site would begin in the summer of 2009. When fully operational, the facility will employ approximately 1,000 workers. The factory – expected to achieve gold certification from U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) – will be 20 miles from the current headquarters in San Carlos, minimizing inconvenience for more than 250 employees. Model S is Tesla’s zero-emission, five-passenger luxury sedan powered by a lithium-ion battery pack. It is expected to have a base price of about $60,000 and get about 240 miles per charge with exceptional performance. The first sedans will likely roll off the assembly line in late 2010. Tesla’s first production vehicle is the Roadster, a zero-emission, all-electric, two-seat sports car. On sale now in the United States and Europe, the Roadster is assembled at a Group Lotus PLC factory in Hethel, U.K. Tesla has no plans to move Roadster production. The company has delivered about 30 Roadsters so far.
Tesla Motors Inc. develops and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all US and EU safety, environmental and durability standards. (9/18/08)
Links: Tesla Motors
Related: --- Tesla Motors’ Model S, All-Electric Sports Sedan to be Built in California.
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes
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