Sunday, September 27, 2020
Home Lead Story Elon Musk May Buy GM Plant to Increase Tesla Production

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

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.

Also Read- Italian Regulators Fine Facebook 10 mn Euros

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)

STAY CONNECTED

19,135FansLike
362FollowersFollow
1,775FollowersFollow

Most Popular

Daughters’ Day: Entertainment Industry Showers Their Little Girls With Love

From megastar Amitabh Bachchan to Ajay Devgn and Ayushmann Khurrana, several stars took to social media to shower their daughters with love on the...

When “Rehnaa Hai Terre Dil Mein” Released, it was Flop But Slowly Became Iconic: Madhavan

When Rehnaa Hai Terre Dil Mein released in 2001, the film failed to create sparks at the box office. What remained with the viewers...

This is How NASA is Preparing Astronauts for Next Moonwalks in 2024

As NASA plans to return humans to the Moon in 2024 as part of the Artemis programme, the agency has already started preparing astronauts...

50 Years of YRF: Aditya Chopra Pens a Note for Late Father Yash Chopra

On the completion of 50 years of Yash Raj Films, Chairman and filmmaker Aditya Chopra penned a note for his late father Yash Chopra...

Humane Quality of “Mee Raqsam” Resonated with International Connoisseurs: Shabana Azmi

Mee Raqsam has been selected for the opening night of the Coalition of South Asian Film Festivals (CoSAFF), and veteran actress Shabana Azmi, who...

People Between 30-40 Years of Age Facing New-Found CVDs

By Ashish Srivastava Respiratory disorders caused by Covid-19 have taken a centre-stage during the pandemic, overshadowing other burgeoning health issues, particularly cardiovascular disorders (CVDs). With...

World Rivers Day: Unhealthy State of Yamuna Pains Green Activists

By Brij Khandelwal River lovers and green activists in Agra on 27 September celebrated the World Rivers Day, at the Etmauddaula view-point park, by cleaning...

Women Can Conceive a Child After Ovarian Tumours: Study

Researchers have found that women receiving fertility-sparing surgery for the treatment of borderline ovarian tumours are able to have children. According to the study published...

Recent Comments