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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)
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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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SpaceX CEO Elon Musk Wants To Live on Mars

Starship is also set to fly a private passenger -- Japanese billionaire Yusaku Maezawa -- to Moon and is scheduled to start in 2023

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

SpaceX CEO Elon Musk has said there’s “70 per cent chance that he will go to Mars”, despite a “good chance” of him not surviving either on his way or after landing, the media reported.

“We’ve recently made a number of breakthroughs that I… am just really fired up about,” Musk was quoted as saying in an interview with Axios on HBO on Sunday, the CNET reported.

“I’m talking about moving there,” said a thrilled Musk, as he spoke about his ambition.

He, however, agreed that the risks were high.

“Your probability of dying on Mars is much higher than on Earth,” Musk said, adding “There’s a good chance of death.”

Even if you make it to Mars, you could still end up dying in its harsh conditions, but Musk remains certain he wants to go.

“There’s lots of people who climb mountains. People die on Mount Everest all the time,” Elon Musk said. “They still like doing it for the challenge.”

Elon Musk, spacex
Elon Musk. IANS

The SpaceX founder cautioned though that for those who want to go to the Red Planet they need to start saving because a voyage to Mars will cost “around a couple of hundred thousand dollars”.

Musk’s spaceship designed for interplanetary travel ‘Starship’ (formerly known as the BFR) is a fully reusable vehicle designed to take humans and supplies to Mars and also to dramatically cut travel time within Earth.

This two-stage vehicle — composed of a Booster and a Ship — is designed to eventually replace the company’s Falcon 9, Falcon Heavy and the Dragon spacecraft.

It is designed to service all Earth orbit needs as well as the Moon and Mars.

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Starship is also set to fly a private passenger — Japanese billionaire Yusaku Maezawa — to Moon and is scheduled to start in 2023.

Maezawa, 42, is the founder and CEO of Zozo, the largest online fashion retailer in Japan. (IANS)