By Candace Carlisle | Dallas Business Journal
Tesla Motors Inc. (Nasdaq: TSLA), the Palo Alto, California-based luxe electronic car maker, is eyeing 700 acres of developable land in southern Dallas County in the Inland Port for a $5 billion Gigafactory.
A source close to the deal told sister paper, the Dallas Business Journal, that the automaker has been considering the acreage in southeast Dallas County off Interstate 45 that is owned by Colleyville-based Prime Rail Interests.
The real estate investment firm, which is helmed by Mike Rader, has bought up more than 4,000 acres on either side of Interstate 45 in southern Dallas County.