Tesla CEO recently said he would love to take over NUMMI
A few months ago, I remember Tesla Motors CEO Elon Musk warming at the idea of taking over NUMMI, the sole auto assembly plant on the West Coast.
Musk comments did make a lot of people laugh. Back in April, when the prolific entrepreneur spoke at a Churchill Club event, GM and Toyota were still committed to keep the 20-year old joint-venture running and Tesla was still waiting for government loans to help it jumpstart its future sedan “model S” vehicle project.
But after a tumultuous 4-months that saw GM file for bankruptcy, sever its partnership at NUMMI, Tesla raising nearly a $1 billion from both the government and private investors and finally, Toyota announcing today it will not keep operating alone the Fremont, Calif., car plant, Musk’s “pipe dream” of taking over NUMMI could very well happen!
“Maybe at some point there’ll be an opportunity to acquire NUMMI. That’d be great. I’ll take that in a second. But that isn’t available right now,” added Musk.
A golden opportunity for Tesla indeed, that is required – by receiving the government loans – to find a 20+ year old plant to produce its upcoming all-electric “S” vehicle. And NUMMI just celebrated it’s 20 years anniversary… this year!
“But we can’t afford it right now, unless they give it to us. Which maybe they will,” said Musk 4 months ago!
And “they” (including the state, local and even perhaps the federal governments) might indeed make it so attractive that Tesla could actually find it hard not to move to NUMMI. Wait and see!
Follows the video excerpt where Tesla CEO Elon Musk eluded at the idea of taking over NUMMI:
here is no machine that has 100% efficiency, not to mention 100+.