Tesla might stay home for battery factory

PrintInformation from The Wall Street Journal

Tesla Motors is taking a closer look at California to build a giant electric-car battery factory, influenced state lawmakers proposed new tax breaks and regulatory changes that could hasten construction and lower costs.

California is already the automaker’s corporate headquarters and where it builds its $71,000 and up electric cars.

Winning the Tesla battery factory would come at a critical time for California because  Toyota Motor Corp. decided to move its headquarters to Plano, Texas, after spending decades in suburban Los Angeles.

Tesla’s proposed 10-million-square-foot plant could employ up to 6,500 people when finished and cost up to $5 billion.

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