SpaceX lead rocketeer, Elon Musk, may not have got his Falcon 1 booster up and operating as yet, but he’s got a spark of an idea when it comes to electric cars.

New Mexico Governor Bill Richardson announced February 19 that Musk is planting a new Tesla Motors automobile assembly facility in Albuquerque.

Musk’s Tesla Motors, based out of San Carlos, California, will use the plant to produce its “WhiteStar” car - a four door, five passenger sports sedan which is 100 percent electric.

The first cars will roll off the assembly line in the fall of 2009, and Tesla will produce at least 10,000 cars each year. The vehicle will cost $50,000 for the standard model or $65,000 for a preminum model with greater performance and range.

Tesla begins production of its first vehicle later this year, a zero-emission two-seat Roadster at a facility in England owned by Lotus Cars.