Elon Musk Says Tesla Might Be Interested in Buying GM Plants
Elon Musk is sizing up General Motors' recently idled plants.
The tech billionaire said in an interview with CBS’ “60 Minutes” that it’s “possible that [Tesla] would be open” to taking over the automakers’ old plants, including factories GM recently has slated for closure.
GM announced late November that it would idle assembly plants in Detroit-Hamtramck, Lordstown in Ohio and Oshawa in Ontario by the end of 2019.
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In contrast to GM’s plant closures, Fiat Chrysler said it plans to revamp its Mack Avenue Engine II plant, turning it into a vehicle assembly plant to produce a new three-row Grand Cherokee.
Tesla makes its electric cars in Fremont, Calif., at a factory that once was the site of a GM-Toyota joint venture that built Toyota Corollas, Tacoma pickups and Geo Prisms, among others.
Tesla has struggled to meet its production goals but reports reaching its target of making 1,000 Model 3s per day.
