Tesla Backing Away From San Jose Production Facility

Prospects for the proposed Tesla manufacturing plant in San Jose-- and the estimated 500 jobs it would create-- are dimming.

The stylish and expensive electric car company has enjoyed enormous buzz, starting with its $100,000+ roadster that is manufactured at a Lotus plant in England, but its failre to get $100 million in venture capital financing pretty much killed all hopes for the new San Jose production facility.

Plans for Tesla auto plant in San Jose appear doomed [San Jose Mercury News]