Tesla Motors Inc. plans to build a $250 million facility to manufacture the Model S battery-electric luxury sedan in the heart of Silicon Valley. The nation’s leading all-electric car company will also relocate its corporate headquarters and research and development efforts to a consolidated campus in San Jose, Calif.
Model S is Tesla’s zero-emission, five-passenger luxury sedan powered by a lithium-ion battery pack. It is expected to have a base price of about $60,000 and get about 240 miles per charge with exceptional performance. The first sedans will likely roll off the assembly line in late 2010.
Tesla President and CEO Ze’ev Drori announced Wednesday that construction on the 89-acre site would begin in the summer of 2009. When fully operational, the facility will employ approximately 1,000 workers.
Tesla said it selected San Jose in part because the region already enjoys a high concentration of highly skilled engineers and support infrastructure. The factory—expected to achieve gold certification from US Green Building Council Leadership in Energy and Environmental Design (LEED)—will be 20 miles from the current headquarters in San Carlos, minimizing inconvenience for more than 250 employees.
Tesla has delivered about 30 Roadsters so far, and is ramping up production to meet demand. About 1,200 people have put down deposits to reserve a Roadster.