Tesla's Latest Property Acquisition

Tesla's Latest Property Acquisition

We're still not quite sure what Tesla intends to do with it, but the automaker bought the site seen here (address: 45201 Fremont Blvd. - Fremont, California).

Somewhat ironically, the property used to be home to a UAW hall.  The United Auto Workers still owned the location, although it was not currently active.

According to the San Francisco Business Times:

"The price wasn't immediately available, but Sperry Van Ness, which was marketing the property, was asking $4.26 million. Detroit-based United Auto Workers was the seller."

"The land includes a 16,470-square-foot building, but the real value may be in the size and location of the parcel. It's roughly four acres (about 1.3 acres of which is vacant, undeveloped land), located practically across the street from the Tesla factory."

Check out Tesla's newest property at the Google Maps link here.

Source: San Francisco Business Times