Tesla Motor to manufacture in CaliforniaJuly 1st, 2008 - 8:27 pm ICT by Bupha Ravirot
San Carlos, CA – Ze’ev Drori, CEO of Tesla Motors, and Governor Schwarzenegger announced on Monday at a press conference at Tesla Motors headquarters that Tesla’s next product, a 4-door, 5-passenger sedan, will be manufactured at a facility in the state of California.
The San Carlos, Calif., electric car program, which had agreed to build a $ 35 million plant on Albuquerque’s Westside to build the $60,000 four-door, five-passenger Model S sports sedan, announced Monday that the vehicle would be manufactured in California. The Tesla Model S five-passenger sedan will be able to go 225 miles on a single charge, substantially better than the 40-mile range on the Volt. This is better than the $100,000 Tesla Roadster, but it will be more expensive than the Chevy Volt, expected to hit about the same time for $ 40,000 and could be mainstream product when Tesla gets around to releasing a $25,000 electric sedan in 2015.
Tesla Motors headquarter is in the San Francisco Bay Area and, logistically, Tesla decided that it would be highly advantageous to keep its manufacturing close proximity to the engineering and research and development functions in the headquarter. For the state, this decision will provide more green-tech jobs and to maintain its position as a green-tech leader. California has some of the most ambitious emissions legislation to reduce greenhouse gas emissions by 30 percent by 2020. Tesla doesn’t plan on rolling out the second-generation cars until 2010, but in the state’s eyes, the move to keep the plant local is a significant step in the right direction.
Last week, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), encouraged the manufacture of zero-emission vehicles, which will provide Tesla with $ 100 million in tax-free financing for manufacturing equipment. Tesla also will be eligible for at least $1 million in Employment Training Panel Workforce Development Funds through the program.