Western states, including California, Texas, Nevada, New Mexico and Arizona, are likely to make bids to win a Tesla Model Y crossover SUV plant planned for 2019
By Ronald Grover, special to CNBC.com
Tesla is building a new factory and here’s why you should care Tesla is building a new factory and here’s why you should care
Here he goes again.
Serial entrepreneur Elon Musk built his space, solar and electric-car empires with the help of federal and state incentives. Now Tesla Motors is gearing up for what’s likely to be another bidding war among state governments: a manufacturing plant for the Model Y crossover SUV the company hopes to introduce in 2019.
In June the Telsa CEO told shareholders that the electric-car maker is “bursting at the seams” and needs a new factory to build the Model Y SUV. Musk didn’t provide details on where and when it will build the factory, or it’s price tag, but state governments throughout the West and beyond are already angling to throw millions of dollars Tesla’s way for the right to host the plant.
