Tesla May Buy GM Plant to Boost Production, CEO Elon Musk Says

TeslaTesla Chief Executive Officer Elon Musk told CBS’s”60 Minutes” that he may be willing to buy some of those five factories General Motors Co. will idle next season, which makes him the next rival in two days to step up with potential job-creating moves as GM takes political heat for cutting workers.

Musk made the statements within an interview with Leslie Stahl which will air Sunday. CBS published excerpts Friday.

GM CEO Mary Barra was in Washington the past two days meeting with members of Congress about her plans to close five factories in North America and put off 14,700 employees. She’s under pressure to keep a few of those facilities opened.

While Barra was talking with legislators on Thursday, Fiat Chrysler Automobiles NV said it will reopen among its idle engine plant in Detroit and construct a brand new Jeep, intensifying the irritation in Congress over GM’s plan to cut jobs.

Tesla makes the all-electric Model S, Model X, also Model 3 during its sole auto plant in California, which it bought from a joint venture run by GM and Toyota Motor Corp..


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