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N.M. special session on Tesla eyed

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By Associated Press

ALBUQUERQUE (AP) — New Mexico Gov. Susana Martinez said her office is mulling whether a special legislative session should be held to help the state win a Tesla Motors facility.
In a speech to an Albuquerque area commercial real estate development association on Monday, Martinez said her office is evaluating whether a special session is necessary to complete a package of economic incentives being crafted to help make New Mexico more appealing to Tesla, the Albuquerque Journal reported.
“If it’s necessary, we are open to whatever we can do that would even include that sort of thing. I’ve had legislators say, ‘If it’s necessary, we’ll come,’” Martinez said.
New Mexico is one of four states identified as finalists for a lithium-ion battery factory that would supply the company’s Fremont, Calif., assembly plant. Others are Arizona, Nevada and Texas.
The Palo Alto, Calif.-based Tesla says it will invest $2 billion in the 10 million square foot factory, which will cost between $4 billion and $5 billion. Its partners will invest the rest.
The new factory will provide enough batteries to supply 500,000 vehicles by 2020, Tesla said. Tesla expects to produce 35,000 vehicles this year.


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