UPDATE 2-Tesla to raise $1.6 bln to build battery factory

Newswire

By James B. Kelleher Feb 26 (Reuters) - Tesla Motors Inc said on Wednesday it plans to raise $1.6 billion from investors to finance a new battery factory that will help the upstart U.S. automaker reach its goal of producing a lower-priced, mass-market electric car by 2017. Tesla said the new plant, nicknamed the "Gigafactory," would be built in one of four states: Nevada, Arizona, New Mexico or Texas. By 2020, Tesla said, the plant would be able ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×