Tesla May Buy GM Plant to Boost Production, CEO Elon Musk Says

Tesla Chief Executive Officer Elon Musk told CBS’s”60 Minutes” that he might be willing to purchase a number of the five factories General Motors Co. will idle next season, making him the next rival in two days to step up with possible job-creating moves as GM takes political heat for cutting edge employees.

Musk created the statements within an interview with Leslie Stahl that will broadcast Sunday. CBS released excerpts Friday.

GM CEO Mary Barra was in Washington the past two days meeting with members of Congress about her plans to close five factories in North America and put off 14,700 workers. She’s under pressure to keep some of those facilities opened.

While Barra was speaking with legislators on Thursday, Fiat Chrysler Automobiles NV said it will reopen one of its idle engine in Detroit and construct a brand new Jeep, intensifying the irritation in Congress over GM’s plan to cut jobs.

Tesla creates the all-electric Model S, Model X, and Model 3 during its sole auto plant in California, that it bought from a joint venture operated by GM and Toyota Motor Corp..