An inside view of the Tesla Gigafactory located in Sparks, NV. (Source: Bloomberg) An inside view of the Tesla Gigafactory located in Sparks, NV. Bringing down the costs of electric cars is crucial to Musk’s ambitions to reach more mass market consumers. Next month, Tesla is slated to begin rolling out the Model 3, a more affordable and smaller electric sedan. Tesla purchased its only vehicle assembly plant in Fremont, California, from Toyota Motor Corp. in 2010 for just $42 million.

Source: Indian Express June 20, 2017 13:35 UTC