Tesla chooses Nevada as their Gigafactory site

Nevada Governor Brian Sandoval along with Elon Musk, chairman and CEO of Tesla Motors, has announced that Nevada has been selected as the official site for the Tesla Gigafactory.

The factory will produce cells, modules and packs for Tesla’s electric vehicles and for the stationary storage market.

It is planned to produce 35GWh of cells and 50GWh of packs per year by 2020 and projects to employ about 6,500 people.

The plant is expected to be completed by 2017, by when Tesla will be launching its Model 3.

Tesla will world’s largest, advanced battery factory in Nevada which will impart nearly one hundred billion dollars in economy of the State over the next twenty years. Tesla has seen the promise in Nevada. The company is encouraged by the promise of Nevada to change the world and Nevada is ready to lead, stated, Governor, Brian Sandoval.

The leadership of Governor Sandoval and the Nevada Legislature for partnering with Tesla to bring the Gigafactory to the state is appreciable. This is an important step in advancing the cause of sustainable transportation and will enable the mass production of compelling electric vehicles in future. Together with Panasonic and other partners, the team is looking forward to realizing the full potential of this project, said, Elon Musk, chairman, CEO, Tesla Motors.

Brian Sandoval will request the Legislature for a $1.3 billion in financial incentives to help Tesla build its Gigafactory, said, Steve Hill, executive director, Sandoval’s Office of Economic Development.

Panasonic will produce lithium ion cells for battery packs and will finance part of the project, which aims to considerable lower EV price increasing popularity. The low cost of batteries can be achieved by producing them on a huge scale.

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