Tesla is a world leader in electric vehicles and renewable energy. Now their innovative designs and commitment to their cause have led them to expanding beyond car manufacturing and into the real estate market. Recently, a net-leased Tesla property in Chicago sold for a whopping $4.5 million.
Net-leased Tesla Property in Chicago
The five-story Tesla building is located on 1350 West Grand in Chicago, and was sold by TBC Real Estate. Built in 1959, Tesla occupies the majority of the 65,000 rentable square feet of the building. There is also a parking garage on the premises. The sale, which took place in December of 2020, earned TBC a hefty grace.
This isn’t the only piece of real estate owned by Tesla. They also have a Gigafactory in Nevada that was built with an estimated $5 billion. The Gigafactory is a marvel of modern engineering that produces and stores components for the company’s electric vehicles.
Tesla Vehicle Crashes
Tesla has come under fire recently after there were nearly two dozen reports of Tesla car crashes. The National Highway Traffic Safety Administration (NHTSA) is actively investigating the reports in order to determine the cause of the crashes. While most of the reports stated that Autopilot, which is Tesla’s driver assistance system, may have played a role in contributing to the crashes, the cause is still yet to be determined.
In the majority of the crash reports, the drivers were not injured, but two were seriously hurt. In the context of these two serious crashes, the NHTSA is especially searching into what the vehicles were doing at the time of the accident. It is believed that these two cases may have more to do with driver error than the Autopilot system itself.
Given Tesla’s higher public profile, the public is clamouring for answers to the high number of crashes. Regardless of whether or not the Autopilot system played a part in the recent accidents, safety will always be the first priority for Tesla.
FAQs
Q: What company recently sold a net-leased property for $4.5 million?
A: TBC Real Estate recently sold a net-leased Tesla property in Chicago for $4.5 million.
Q: What is the National Highway Traffic Safety Administration (NHTSA) investigating?
A: The NHTSA is investigating reports of nearly two dozen crashes involving Tesla cars.
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Feds Probing Nearly Two Dozen Crashes Involving Tesla Cars
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Net-leased Tesla Property Sells For $4.5M In Chicago – REJournals
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Tesla Needs To Show Greater Concern For Its Customers
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