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Elon Musk May Buy GM Plant to Increase Tesla Production

Elon Musk, who was the Chairman of Tesla for three years, stepped down in September

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Musk may buy GM plant to boost Tesla production. (VOA)

Tesla founder and CEO Elon Musk has shown interest in buying a defunct General Motors (GM) plant to increase production of its electric cars.

In an interview with CBS News’ “60 Minutes” on Friday, Musk said “it’s possible” he would purchase a GM factory in North America if the company is “going to sell a plant or not use it”.

“It’s possible that we would be interested if (GM) are going to sell a plant or not use it that we would take it over,” Musk said.

According to Washington Examiner, Tesla bought a plant in Fremont, California in 2010, jointly owned by General Motors and Toyota, for $42 million shortly after it was shut down.

GM announced in November they are closing three assembly factories in North America.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

“The whole point of Tesla is to accelerate the advent of electric vehicles sustainable transport and trying to help the environment. It’s the most serious problem that humanity faces,” Musk said.

Elon Musk, who was the Chairman of Tesla for three years, stepped down in September.

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He paid a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (SEC) to resolve securities fraud charges.

Robyn Denholm from Telstra has been appointed as the Chairwoman of the Tesla Board. Musk, however, remains Tesla’s chief executive and the biggest investor. (IANS)

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Tesla Set to Increase the Price of its Full Self-driving Option

It is also unclear if all new Tesla vehicles are getting the new computer

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Electric Vehicle (EV) maker Tesla is set to increase the price of its Full Self-Driving option from May 1.

“Please note that the price of the Tesla Full Self-Driving option will increase substantially over time,” Elon Musk, CEO, Tesla, tweeted late on Saturday.

Musk, however, didn’t provide a specific figure. While responding to a question on Twitter, he said the increase would be “something like” around the $3,000 plus figure.

The full self-driving currently costs $5,000.

Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

The announcement of price increase comes as Tesla is introducing its new full self-driving computer that entered production earlier this month.

It is also unclear if all new Tesla vehicles are getting the new computer.

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Tesla refuses to confirm this, but the automaker maintains that it will offer computer retrofits to all owners who have bought the full self-driving option, which Musk says will increase in price next month, according to the Electrek. (IANS)