Tesla to produce all-electric luxury sedan in California

SAN CARLOS, Calif.--(BUSINESS WIRE)-- Tesla Motors Inc. plans to  build a $250 million facility to manufacture a zeroemission luxury sedan in the heart of Silicon Valley.

The nation's leading all-electric car company will also relocate its  corporate headquarters and research and development  efforts to a consolidated campus in San Jose, Calif.   

Tesla President and CEO Ze'ev Drori announced Wednesday that construction on the 89-acre site would begin in the summer of 2009. When fully operational, the facility will employ approximately 1,000 workers.   

Tesla selected San Jose in part because the region already enjoys a high concentration of highly skilled engineers and support infrastructure. The factory - expected to achieve gold certification from U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) - will be 20 miles  from the current headquarters in San Carlos, minimizing  inconvenience for more than 250 employees.