Telsa to create 6,500 jobs

Tesla is on its way to creating 6,500 new American jobs.That company wants to open a new so-called gigafactory to produce batteries for its cars and solar systems. So far, Telsa has raised about half of the $5 billion dollars needed to open the factory, and when that one's done they'll start working on the next. They're looking at locations in Arizona, Nevada, New Mexico, and Texas as a possible site for their new plant, which will produce 500,000 lithium-ion battery packs a year. The electric car manufacturer wants to increase their market share by introducing an affordable electric car for the masses, which means that they'll need a whole lot of batteries to power their vehicles. Tesla's current Model S sedan sells for about $70,000, but a large part of that price comes from the cost of the car's battery. By producing more batteries and lowering the cost through economies of scale, Tesla hopes to put electric vehicles within reach of average workers. Once again, we see good science is good business, and it's also a great way to create green, middle-class jobs.