Stl business | St. Louis eyes bid for Tesla factory

Editor
Read Time3 Minute, 20 Second


ST. LOUIS — St. Louis officials are weighing a bid for a Tesla factory after Elon Musk, CEO of the electric auto maker, said earlier this week that it would go in the “central USA.”

Steve Johnson, CEO of economic development organization AllianceSTL, said he was reaching out to Tesla to make sure AllianceSTL understands the project’s parameters “and confirm that the process is still open.”

“We will then work to craft a competitive proposal for the region,” he said, adding that it’s “very early in the process.”

Tesla didn’t immediately respond to a request for comment.

Musk said Tuesday that production of a pickup truck and Model Y, a mid-size SUV, would take place at the plant, and that those Model Y vehicles would serve East Coast customers.

He told the Wall Street Journal that incentives would play a role in where to locate the facilities. “But so do logistics costs, access to a large workforce with a wide range of talents, and quality of life,” he told the newspaper.

It reported that Tesla is targeting a 36% increase in deliveries this year, in part from additional production capacity from a new Chinese plant, and the arrival of the Model Y, which could begin delivering by month’s end. It’s also planning a factory in Berlin. 

Click here for the full story.

More from the Business Journal





Source link

0 0

About Post Author

Editor

Editor is St Louis Media, LLC (STLM). STLM is a web hosting, design, SEO, press release distribution company and news agency located in St. Louis, Missouri. We own and operate multiple news sites in the region. Our objective with STLNewsMissouri.com is to offer readers a one-stop news site for Missouri news. We aggregate news from news media across the state. We do not aggregate news from all sources. We pick from those that offer RSS feeds and pick the best with eliminating those that might produce the same news stories, written differently.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleppy
Sleppy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Next Post

Stl news | Large St. Louis company completes acquisition

ST. LOUIS — Just nine days after announcing the deal, Core & Main, a $3.2 billion distributor of water, sewer and fire protection products based in St. Louis, has completed its acquisition of waterworks supplier R&B Co., based in San Jose, California. The acquisition is Core & Main’s 10th since […]

Subscribe US Now