California is making a late push to land electric-car maker, Tesla Motors’ new high-tech battery factory that would create thousands of jobs.
Tesla Motors, makers of luxury and performance electric cars, will now have a smaller fourth version Model 3 priced at $35,000 to compete with the BMW 3 Series and at the same price as a loaded Toyota Prius, making owning a Tesla much more plausible for the rest of us.
Gov. Jerry Brown announced Thursday that he signed legislation that creates a $420 million tax credit for aerospace contractor Lockheed Martin and includes similar tax incentives designed to benefit California-based electric car maker Tesla Motors Inc.
Tesla Motors has its pick on where to build its brand new battery factory. California lawmakers are trying to win the electric car company over with incentives.
Electric car maker Tesla Motors is considering sites in Nevada, Arizona, New Mexico and Texas for a massive battery factory that would employ around 6,500 people.
Shares of Tesla Motors surged Friday following better than expected fourth-quarter results, and now another Bay Area company is getting a charge from electric car maker’s success.