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Tesla Nearing Deal For Downey, Again. Again. Again. LBPOST.com

30.04.10

, The company plans to lease the land for 11 years with an additional five-year option. Tesla would not commend on the plans, but it does show how advanced the automaker's negotiations with Downey have become.

Tesla also showed early interest in a Long Beach site that was formerly used to produce Boeing airplanes, but little news has been heard lately while rumors of a confirmed Downey deal have only grown stronger. Was it that Downey made a more concerted effort to attract Tesla? Does Downey's property simply work better for Tesla's needs? Were the millions of dollars in incentives offered by Long Beach to Tesla not enough? Or too late?

Tesla won't say, and neither will Musk, probably until a deal is signed and finalized.

In several past articles , I've outlined the specific challenges that Tesla will face once they've acquired a production site. The company has only produced one model so far, the electric high-performance Roadster, and that was a modified Lotus.

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