Tesla Snaps Up Former Solyndra Plant: Report

Tesla Motors Inc. has signed a lease to occupy a plant down the road from its Fremont, Calif. plant, the Silicon Valley Business Journal reported Thursday. The plant, more than 500,000 feet, will give Tesla space to expand manufacturing and build more engineering labs, Tesla told the newspaper in an email. The manufacturing facility was formerly part of Solyndra, a solar-panel company that went bust in 2011. Tesla could move the service center adjacent to the factory to the new building, and some engineering work now housed at the Palo Alto, Calif. headquarters could also be relocated there, said Trip Chowdhry, an analyst with Global Equities Research.