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http://www.physorg.com/news140884630.html
"Tesla Motors Inc. will build a 250 million dollar plant in California's
Silicon Valley to produce its new battery-powered sedan, the company
said Wednesday.
Construction of the plant, about 20 minutes from Tesla's headquarters in
San Carlos, California, is set to begin in mid-2009, with the first
sedans expected to be ready in late 2010.
Company leaders expect the initiative to help the company. "The company
has clearly taken production of all-electric vehicles to the next level,
and the Model S assembly plant will dramatically accelerate our growth,"
Tesla chairman Elon Musk said in a statement.
The "Model S" car is a five-passenger sedan run by a lithium-ion battery
pack that is expected to power the car for about 240 miles (385
kilometers) per charge. The car has an estimated price of 60,000 dollars. "