Tesla Leases Huge Warehouse in Livermore: Report

Tesla Motors just leased a large amount of warehouse space in Livermore about a month after the electric car company announced plans to boost productions of its Model 3, the Silicon Valley Business Journal reported Monday.

The company reportedly leased two buildings totaling a little over one million square feet at the Oaks Logistics Center, which is located about 20 miles from Tesla’s Fremont factory the Business Journal reported.

Tesla might be swooping up another 300,000-square-foot building there, sources told the publication.

Tesla has big plans for its Model 3, which starts at $35,000, half the price of its Model S.

The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one.

Long lines, reminiscent of the crowds at Apple stores for early models of the iPhone, were reported from Hong Kong to Austin, Texas, to Washington.

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