http://charlotte.bizjournals.com/albuquerque/stories/2007/02/19/daily7.html

New Tesla Motors plant will create 400 local jobs
New Mexico Business Weekly - 3:04 PM MST Monday, February 19, 2007
Tesla Motors plans to build a new $35 million assembly facility in
Albuquerque, creating 400 high-wage jobs.

Construction on the 150,000-square-foot plant is expected to begin in
April. Once finished, the facility will produce Tesla's WhiteStar car
-- a four-door, five passenger sports sedan that runs solely on
electricity.

The New Mexico plant will be the company's first U.S. facility. San
Carlos, Calif.-based Tesla is expected to begin production of its
first vehicle -- a zero-emmission, two-seat Roadster -- at a facility
in England owned by Lotus Cars later this year.

The company's U.S. headquarters will continue to be located in
California, where Tesla employs more than 120 people. The 400 jobs
created by the new Albuquerque facility will be new jobs rather than
transfers from the California location. Tesla also recently announced
the opening of an R&D facility in Rochester Hills, Mich., north of
Detroit, where it expects to grow to a staff of 60 focused on design
and engineering for the WhiteStar.

The New Mexico plant will be built on Albuquerque's West Side at
Cordera Mesa adjacent to the new Tempur-Pedic plant. The new jobs will
pay between $24,000 and $100,000, plus benefits and stock options.

"Today's announcement is proof that New Mexico is a national leader
when it comes to innovation, new technology and creating jobs," said
Gov. Bill Richardson in a news release. "Tesla is committed to clean
energy and so is New Mexico. We've made New Mexico competitive, and
we've committed ourselves to being the Clean Energy State."

Richardson has directed the state General Services Division and other
appropriate agencies to investigate the purchase of 100 WhiteStar
vehicles for the state fleet over a two year period as a demonstration
of the state's commitment to clean energy.

Richardson also invited Tesla Motors Chairman Elon Musk and Tesla
Motors CEO Martin Eberhard to work with the state to develop a package
of legislation for the 2008 legislative session to provide incentives
for the purchase of clean energy vehicles, including hybrid and
electric vehicles.

The WhiteStar cars will roll off the Albuquerque assembly line in the
fall of 2009, and Tesla will produce at least 10,000 cars each year.
The vehicles will cost $50,000 for the standard model or $65,000 for a
premium model with greater performance and range.

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