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Tesla Motors Inc (TSLA) Buys 35-Acre Test Track In Fremont

Last week, Tesla Motors Inc (NASDAQ:TSLA) purchased a 35 acre parcel next to its factory in Fremont, California, which will give Chris Porritt a space for a test track where he will be able to examine and enhance the electronic vehicles of the future. Chris Porritt was hired by Tesla Motors Inc (NASDAQ:TSLA) two months ago and is set to become vice president of Vehicle engineering program. Prior to joining Tesla, he was the head of Aston Martin’s Vehicle Engineering team and is the man behind one-77 supercar.

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“The land is attached to the Tesla factory property,” said Shanna Hendriks, a spokeswoman for Tesla. “We will use it as we expand our use of the facilities.”
A brief history of the acquired land

Land purchased by Tesla Motors Inc (NASDAQ:TSLA) was a part of the parcel and was owned by the New United Motor Manufacturing Inc (NUMMI), which is the former joint venture factory built by General Motors and Toyota. After shutting down of NUMMI, land was purchased by Union Pacific Railroad, which sold the land to Tesla.
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