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February 26, 2014 11:47 pm -05

Tesla's raising $1.6 billion to build its battery 'Gigafactory' and mass-market $35k car

If you've been dreaming of a Tesla but can't afford a Model S and its $70k+ sticker price (before tax credits), the company is announcing a major step towards building an electric vehicle in your price range. CEO Elon Musk has targeted 2017 for...

Original Link: http://www.engadget.com/2014/02/26/tesla-1-6-billion-gigafactory-gen-iii/?ncid=rss_truncated

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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