Tesla picks Nevada for $5 bln battery plant

Elon Musk, CEO of Tesla Motors, is introduced by Governor Brian Sandoval of Nevada during a press conference at the Nevada State Capitol, September 4, 2014 in Carson City, NevadaU.S. electric automaker Tesla Motors is to build the world’s largest lithium-ion battery plant in Nevada, the state’s governor announced, unveiling plans for the five-billion-dollar “Gigafactory.” The plant, plans for which were announced in July with Japanese electronics giant Panasonic, will bring nearly $100 billion dollars into Nevada’s economy over the next 20 years, he said. It will employ 6,500 workers directly and another 16,000 indirectly, and add some four percent to Nevada’s Gross Domestic Product, Governor Brian Sandoval announced, in what he called a “historic day” for the western US state. The deal with Tesla “will change Nevada forever and set in motion the creation of thousands of new job and stream billions of dollars into our economy,” he said at a ceremony with Tesla boss Elon Musk.

Share this article