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)
Submitted discussions can be approved by the author or users followed by this blog.