The Tesla Model S, the company's second electric car and first four-door sedan, may be closer than originally thought. Today the company is announcing deal to lease 89 acres of land in San Jose, Calif., the New York Times reports, in order to build a new company headquarters and a 600,000 square-foot facility to produce the Model S, the company's second electric car.

"This could bring 1,000 green-collar manufacturing jobs, which we're trying to get back after losing a lot in the bust," said Chuck Reed, San Jose's mayor, in the report. "We have had a change here in the last year in manufacturing jobs, and Tesla is the latest."

Tesla Motors' first car, the Roadster, is built in Britain and California. The new model will cost $60,000—which is almost $50,000 cheaper than the Roadster—and last for 200 miles on a single charge of its lithium-ion batteries. Tesla Motors expects the new model to be released near the end of 2010.