Tesla Picks Nevada For (Its First) Gigafactory: Announcement Expected Today

September 4, 2014

For weeks, rumors have circulated about Tesla's new lithium-ion battery "gigafactory" and where it'll be located. According to Bloomberg, all that gossip could come to an end today: Tesla is expected to make an announcement this afternoon, and the location of that announcement is telling: Carson City, Nevada.

Tesla spokesperson Simon Sproule has confirmed that representatives from the start-up automaker will be in the capital city at 4pm for a press conference with Nevada's Governor, Brian Sandoval. Considering that there's not really any other reason they'd be in attendance, and considering that in August, Tesla began prepping a site near Reno for development, it would be somewhat surprising if this weren't the announcement that everyone has been expecting.

Assuming that's the case, it means that Nevada has bested Arizona, California, New Mexico, and Texas in the battle for Tesla's business -- business that includes construction of the $5 billion manufacturing facility, as well as some 6,500 associated jobs. Nevada's legislators have offered Tesla $500 million in tax incentives to lure it to the Sagebrush State. Once the gigafactory is complete, Tesla plans to produce batteries not only for electric vehicles, but also for solar systems and other applications.

However, all isn't lost for the other four states Tesla was considering. CEO Elon Musk has said that Tesla will build more than one gigafactory, so Arizona, California, New Mexico, and/or Texas could be in line for one (or more) of those. Not that that's much consolation to some elected officials.


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