General Motors, grappling with increasing federal opposition to its decision to lay off thousands of workers and end production in several North American plants, may have a potential buyer for one of the facilities.
Tesla founder Elon Musk told CBS News “it’s possible” the electric carmaker would purchase a GM factory in North America if the Detroit company is “going to sell a plant or not use it.”
It wouldn’t be the first time that Musk has purchased a facility from one of the three legacy U.S. carmakers. Tesla bought the Freemont, Calif., plant that now houses the bulk of its production from GM and Toyota in 2010.
Musk’s comment may be perceived as a gesture of goodwill after a tumultuous year during which Tesla and Musk settled with the Securities and Exchange Commission over the 47-year old entrepreneur’s statement on Twitter that he would take Tesla private at $420 per share — an offer for which the agency said he hadn’t secured funding.
