Tomorrow Tesla Motors will announce the location for its battery ‘Gigafactory’ is Nevada

Several states have been in the running for a multi-billion dollar facility Tesla Motors has envisioned to build components for its electric cars (including the $35,000 Model 3), but it appears Nevada is the one. CNBC sources indicated a deal was close earlier today, and now Nevada Governor Brian Sandoval has timed a "major announcement" for tomorrow at 7PM ET. Other sources like Bloomberg claim CEO Elon Musk and other Tesla representatives will be at the event, and also mention that there could be more factories to follow. The "Gigafactory" is a joint operation with Panasonic, and is key to Tesla’s strategy to lower the price of EVs in the future, but the prospect of several thousand jobs had southwestern states ideal for its renewable energy plans fighting over the right to play host.

Stay tuned for a major announcement tomorrow at 4PM related to economic development in #NV.

– Governor Sandoval (@GovSandoval) September 3, 2014

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Source: CNBC, Governor Sandoval (Twitter)

Source: Engadget Full RSS Feed

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