By Joseph Perkins | Cal Watchdog
Tesla Motors, the Palo Alto maker of luxury electric cars, is holding its annual stockholder meeting next Tuesday. It will be interesting to see whether CEO Elon Musk announces the two states that will compete in a “bakeoff” to determine where Tesla decides to build its new $5 billion “gigafactory.”
In February, the electric car company listed four states as finalists to be the site of the gigafactory, which will generate an estimated 6,500 jobs. Musk passed over his home state of California for Arizona, Nevada, New Mexico and, not surprisingly, business-friendly Texas.
The Brown administration has made a last-ditch effort to get back in the competition. It has suggested Sacramento’s Mather Airport business park – the site of a former U.S. Air Force base – as the perfect location for Tesla’s new facility, which requires a minimum of 500 acres.
at Cal Watchdog.