DETROIT, July 31 Electric carmaker Tesla Motors
Chief Executive Officer Elon Musk said on Thursday that
he expects his company to bear between 40 percent and 50 percent
of the cost of a lithium-ion battery plant, the Tesla
Tesla's partner in the plant, Panasonic Corp, will
bear between 30 percent to 40 percent of the cost to bring the
factory up to what Musk called "serious" production, and the
state where the plant is placed will pay for about 10 percent of
it, he said. He said the company has not yet chosen which state
will host the plant.
"Other industrial partners" will provide between 10 percent
and 20 percent of the cost, Musk said on a conference call with
Wall Street analysts after the company reported a second-quarter
loss of $61.9 million.
Earlier on Thursday, Panasonic confirmed that it would
invest in the planned factory.
(Reporting by Bernie Woodall and Paul Lienert in Detroit;
Editing by David Gregorio)