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Business Briefing

Automotive

Tesla will open plant in Palo Alto

August 19, 2009|Times Wire Reports

Tesla Motors Inc. will open a powertrain production facility and corporate headquarters in Palo Alto as the electric-car maker moves to expand production after a recent award of government loans, the company said.

The carmaker, which currently builds the $109,000 Roadster sports car, is working on additional vehicles to target more mainstream drivers.

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