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Tesla To Choose Downey For Model S Electric Sedan Plant

11/24/2009 at 12:44pm

Tesla To Choose Downey For Model S Electric Sedan Plant

Two adjacent Southern California cities have been competing for the factory where Tesla Motors will build its all-electric 2012 Model S luxury sports sedan. Now, a pair of local papers have scooped the automotive press and broken the news: Downey beats Long Beach. Downey Mayor Mario Guerra told the Downey Patriot that the deal is "99.9 percent done," and the Downey City Council could meet as early as tonight to approve the deal that would turn the 80-acre former NASA site over to a development company on Tesla's behalf. Tesla received $465 million of low-interest loans from the Department of Energy this summer. Those loans require that a... Read More