Tesla's $250 million manufacturing plant to park in San Jose Tesla Motors plans to break ground on a 600,000-sq. ft. factory on an 89-acre plot of land in San Jose, according to company officials. The electric-car manufacturer is banking on $250 million in financing from Goldman Sachs and the Department of Energy to build the facility, on top of the $15 million or more in tax breaks California governor Arnold Schwarzenegger offered to keep the company in California . Tesla is currently only producing 10 of the company's signature roadster coupes a week in England and California, with a list price of $109,000. CEO Ze'ev Drori says new plant will be initially capable of producing around 300 a week of the Model S sedan planned for introduction in 2010. How many "green collar" jobs will the project create?San Jose Mayor Chuck Reed told the New York Times 1,000 , but the company suggests the factory will only employ 400 to 500 says the Wall Street Journal , with 250 current employees moving to the new headquarters once complete. Contrast that to General Motors and Toyota's joint-venture Nummi plant in Fremont, Calif., which employs about 5,500 workers. (Photo by Emil Rensing)