Could happen if the rumor phoned into Josh from Joshcar.com holds true.  In short Daimler Benz is buying 10% of Bay Area based Tesla Motors.  This will provide them with the operating capital needed to start up production of their all electric Tesla S sports sedan.  The rumored location of this production will be the old GM Van Nuys plant shuttered some 20 years ago when Camaro production was shifted elsewhere.

I have found confirmation regarding the purchase of Tesla stock over at Edmonds.com.

Good news for the Valley and LA in general if this holds true.

Related posts:

1. Ugly Betty moves; 300+ Angelenos lose jobs
2. WTF moments at the LA Auto Show
3. Smart Car coming, buyers beware of offerings now…
4. Monsters ‘n’ Jellybeans 2008 – the obligatory L.A. Auto Show Photo-gasm
5. LA Auto Show Press week episode 1