Tesla May Buy GM Plant to Boost Production, CEO Elon Musk Says

Advertisement
By David Welch, Bloomberg | Updated: 10 December 2018 11:29 IST
Highlights
  • General Motors Co. will idle the factories next year
  • GM has been taking political heat for cutting workers
  • GM said it will lay off 14,700 workers

Tesla Chief Executive Officer Elon Musk told CBS's "60 Minutes" that he may be willing to buy some of the five factories General Motors Co. will idle next year, making him the second rival in two days to step up with possible job-creating moves as GM takes political heat for cutting workers.

Musk made the statements in an interview with Leslie Stahl that will air Sunday. CBS released excerpts Friday.

GM CEO Mary Barra was in Washington the past two days meeting with members of Congress about her plans to close five factories in North America and lay off 14,700 workers. She is under pressure to keep some of those facilities opened.

While Barra was speaking with legislators on Thursday, Fiat Chrysler Automobiles NV said it will reopen one of its idle engine plant in Detroit and build a new Jeep, intensifying the irritation in Congress over GM's plan to cut jobs.

Tesla makes the all-electric Model S, Model X, and Model 3 at its sole auto plant in California, which it bought from a joint venture operated by GM and Toyota Motor Corp.

© 2018 Bloomberg LP

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Tesla, GM
Advertisement

Related Stories

Popular Mobile Brands
  1. Cloudflare Is Down Again For the Second Time in Weeks: See Affected Sites
  2. ACT Fibernet Launches New Broadband Plans With Free OTT Subscriptions
  3. Motorola Edge 70 With Pantone's 2026 Colour, Swarovski Crystals Launched
  4. Motorola Edge 70 Will Launch in India Soon via This E-Commerce Platform
  5. Airtel Discontinues These Prepaid Recharge Packs in India
  6. OTT Releases of the Week (Dec 1 – Dec 7): Know What to Watch
  7. OnePlus 15R Surfaces on Benchmarking Site Ahead of India Launch
  8. Here's What India Searched For the Most on Google in 2025
  9. Realme Says It Will Launch Two New Narzo Smartphones in India Soon
  1. OpenAI, Jony Ive Lose Appeal on ‘io’ Brand as Court Upholds Decision
  2. Dhoolpet Police Station OTT Release Details: When, Where to Watch Tamil-Language Crime Thriller Online?
  3. Netflix to Buy Warner Bros. in $72 Billion Cash, Stock Deal
  4. George Clooney-Starrer Jay Kelly Now Streaming on Netflix: All You Need to Know
  5. Google's Year in Search 2025 Reveals Gemini 3, Nano Banana Pro and Other AI Search Features Launched in India 2025
  6. Poco C85 5G Display Specifications Confirmed Days Ahead of Launch in India: See Expected Specifications
  7. Polar Loop Screen-Free Fitness Tracker Launched in India With Up to Eight Days of Battery Life: Price, Specifications
  8. Xiaomi 17S Pro Said to Be in Development, Could Launch After Xiaomi 17 Ultra Debuts
  9. Motorola Edge 70 India Launch Teased; Flipkart Availability Confirmed: Expected Specifications, Features
  10. Google’s Year in Search 2025: Top Trending Topics in India—From Gemini to Squid Games
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.