The Governator fought hard to ensure California would be the state where Tesla Motors would produce their 5 seat luxury sedan slated to come out in 2010. Today we found out that San Jose won the local battle for the facility with the facility opening up sometime in 2008 right off 237 and Zanker Road.
Below are some details on what incentives Tesla is receiving from the city per the Chronicle.
“Tesla Motors said Wednesday that it will build a $250 million factory in San Jose to make its new electric car, a luxury sedan.
— The factory is scheduled to open in 2010, and will employ about 1,000 workers once fully operational.
— It will be located near a wastewater treatment plant on Zanker Road at Highway 237.
— The company will pay no rent for the first 10 years and $1.5 million annually in years 11 through 20. After that, the rent will be adjusted for inflation each year.”
