Tesla's Cheap(er) Electric Sedan Model S to be Built in California

See also pictures of a Tesla Roadster crash

San Jose (TGW) – Tesla has announced that it will be building its Model S electric car factory as well as its new headquarters in San Jose, California.

The Tesla Roadster

The $250 million factory will produce the $60,000 Model S electric sedans that Tesla hopes to roll out by 2010. The car is expected to get 240 miles per charge.

This year, Tesla began selling its $100,000 electric sports car the Roadster.

The company wants to develop a $30,000 car within 4 years.

Via :: Press Release