Tesla Chooses Nevada for New Gigafactory

Tesla’s been looking for a place to build its huge battery factory, aka the “gigafactory,” putting five states against each other in competition. Today, the winner appears to be Nevada. A press conference is scheduled for late Thursday in Carson City, Nevada, in which the announcement is expected to be made. If Nevada is the winner, the state will be expected to offer $400 million in tax incentives, which will require legislative approval. The other states in the race for the gigafactory were Texas, New Mexico, Arizona, and California. PHOTOS: See More of the 2012 Tesla Model S
Tesla Chooses Nevada for New Gigafactory
The gigafactory will be used to produce advanced batteries for both upcoming Tesla models and for use by other automakers. Utilities might also be supplied with batteries produced at the facility. Tesla is partnering with Panasonic on the plant and the two plan to spend $4 to $5 billion (yes, with a B) on it. When the plant reaches full production, it should employ up to 6,500 people. It’s unclear where in Nevada the plant would be located, but Nevada isn’t too far from the company’s current plant in Fremont, California or its corporate headquarters in Palo Alto, California. PHOTOS: See More of the 2011 Tesla Roadster

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