Tesla Scouts Sites To Open $5B Car Battery Factory

Law360, New York (February 27, 2014, 3:27 PM EST) -- Tesla Motors Inc. will launch a $4 billion to $5 billion factory in the Southwest to mass produce electric car batteries within the next three years, the company said Wednesday.

The electric car company, founded by tech entrepreneur Elon Musk, will invest $2 billion directly and seek the rest from undisclosed partners. It's considering sites in Arizona, Nevada, New Mexico and Texas, to ship battery packs to Tesla's assembly plant in Fremont, Calif. Tesla said that the factory will simplify the battery making process, leading to...
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