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MercuryNews.com : Tesla’s Elon Musk eyes overseas factories for mass-marketing electric cars

Tesla Motors(TSLA) Chief Executive OfficerElon Musk said the electric-car maker intends to add factories in Europe and Asia, anticipating volume gains from a planned mass-market battery car.

The company this year plans to make at least 21,000 of its $70,000 Model S sedans at its Fremont plant, and double that in 2014. While the factory has capacity to produce as many as 500,000 vehicles a year, the addition of a smaller electric car priced about half that of Model S will require additional plants, Musk said.

“We’ll try to locate those close to where people are, close to where the customers are, to minimize the logistics costs of getting the car to them,” the Tesla co-founder said in an interview with Bloomberg Television’s Betty Liu. “I think long term you can see Tesla establishing factories in Europe, in other parts of the U.S. and in Asia.”

More http://m.mercurynews.com/sjm/db_101042/contentdetail.htm?contentguid=4WhSqFGq

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