Tesla hopes for $250 million in funding for electric sedans

Remember that elusive WhiteStar we first got wind of earlier this month? Apparently, Tesla Motors is doing its best to round up a quarter-billion dollars over the next two years in order to produce the aforementioned electric sedan. Reportedly, the firm is deciding between Albuquerque, New Mexico or the East Bay area in California to construct its plant, and if all goes to plan, it'll use that facility to crank out the 2010 luxury sports sedan. As expected, concrete details are scant at the moment, but we are hearing that it hopes to launch the WhiteStar for around "half the price of its roadster," which currently retails in the US for a shade under $100,000.