Tesla Weighs Overseas Plants for Mass-Market Electric Car
This article is for subscribers only.
Tesla Motors Inc. Chief Executive Officer Elon Musk said the electric-car maker intends to add factories in Europe and Asia, anticipating volume gains from a planned mass-market battery car.
The company this year plans to make at least 21,000 of its $70,000 Model S premium sedans at its Fremont, California, plant, and double that in 2014. While the factory has capacity to produce as many as 500,000 vehicles a year, the addition of a smaller electric car priced about half that of Model S will require additional plants, Musk said.