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Tempe Industrial Building Sells; Tesla Motors to Lease Facility

TEMPE, AZ – A 42,281-square-foot industrial building at 2077 E. University Dr., in Tempe has sold for $3.6 million ($85.14 PSF) and will house a service facility for Tesla Motors, the innovative maker of luxury, electric automobiles. This is the second location for a Tesla service center in the Phoenix Valley. The other is located […]

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Tesla’s CEO Continues Pitch for ‘Gigafactories’ & S&P Issues Junk Credit Rating

Tesla Motor’s Elon Musk said the need for lower-cost batteries for autos and power storage means there will need to be hundreds of “gigafactories” like the one the carmaker is planning to build. But for the time being Tesla Motors Inc. is narrowing its search for the much coveted and ballyhooed $5 billion electric battery

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