Texas in contention for proposed
Texas is reportedly among the states being considered by Tesla Motors Inc. as a site for a proposed $5 billion battery factory that could create as many as 6,500 jobs.
Tesla, which makes all electric luxury sedans, plans to build the large scale factory to produce cheaper batteries for a mass market electric car within three years,sports jerseys from china, company officials said.
Texas, Nevada, Arizona and New Mexico are among the states Tesla said it was considering for the factory. The finished batteries would be shipped to Tesla's assembly plant in Fremont, Calif. The factory would cover 500 to 1,000 acres and employ up to 6,http://www.colorscareers.com/FirstTimeUsers.html,500 workers, the company said. Tesla said it would partly finance the factory by issuing $1.6 billion in convertible senior notes in a public offering.
Tesla declined to comment on whether negotiations had begun with any of the states.
By building its own factory, Tesla would have more control over the supply and cost of its batteries.
"With this facility, we feel highly confident of being able to create a compelling and affordable electric car in approximately three years,{womens nfl jerseys|womens custom nfl jerseys|nfl womens jerseys cheap|custom womens nfl jerseys|discount womens nfl jerseys|authentic womens nfl jerseys|womens jerseys nfl|2014 Womens NFL Jerseys Free Shipping|Best womens nfl jerseys Online Shop," Elon Musk, Tesla's chief executive, and Deepak Ahuja,{Best Quality 2014 World Cup Jerseys On Sale|2014 world cup jerseys|world cup jerseys|cheap world cup jerseys|world cup soccer jerseys|2014 world cup jerseys on sale with best quality, its chief financial officer, wrote in a report. manufacturing and electric power. The plant he envisions would have more capacity than any other to make lithium ion batteries.
Some analysts said they were surprised that Tesla announced the project without having key details, such as partnerships and a site,http://benandirvs.com/Menu.html, in place.
"I wasn't expecting a two step process, with bidding left,cheap nhl hockey jerseys," said Efraim Levy, senior automotive equity analyst at S Capital IQ.
The potential uses for mass market Tesla vehicles go far beyond transportation and could help redefine the relationship between consumers and their cars.
Government officials and entrepreneurs have for years envisioned a future in which owners can use electric vehicles as power sources for their homes or sell electricity to utilities in times of high demand, which could help stabilize the power grid.
Though electric vehicles and the kind of technology needed to use them as miniature mobile power plants have been slow to catch on, analysts say that the market for them will grow, especially with gas prices remaining high. In January, Navigant Research predicted that by 2022, there would be more than 35 million of them on roads worldwide.
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