Tesla Chooses Nevada over California for ‘Gigafactory’

September 3, 2014

5:58 pm

Nevada is winning!

That’s because Tesla Motors, the electric car maker, is planning to build their USD $4 to $5 billion dollar giant battery factory in Nevada. The  so-called “Gigafactory” has been one of the nation’s most highly sought projects among state economic development officials.

The plant will make advanced batteries expected to power Tesla’s next generation of electric cars, as well as batteries for other carmakers. Tesla and partner Panasonic have said they plan to employ up to 6,500 at full production. Tesla’s CEO Elon Musk has previously said that the winning state would be expected to provide a tax incentives worth about $400 million, a level that would require legislative action in Nevada.

Tesla has picked a location not too far from its main assembly plant in Fremont, California, and its nearby corporate headquarters in Palo Alto. The other states considered for the project were Texas, New Mexico and Arizona.

Nevada Gov. Brian Sandoval has called press conference for 7 p.m. ET this Thursday for this official announcement.

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