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September 5, 2014

Tesla gets closer to making $35,000 car

  • The “gigafactory” would bring the cost of batteries down by producing them on a huge scale.
    Associated Press

    RENO, Nev. — To bring electric cars to the masses, Tesla Motors will transform an expanse of desert where pioneers passed on their way to the California Gold Rush and wild mustangs still roam the hillside.

    This time, the rush will be in Nevada, which Tesla chose over four other states as the site for a $5 billion factory that the carmaker projects will crank out enough high-tech car batteries to power 500,000 vehicles annually by decade's end.

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