Nevada Scores Official Site For $5 Billion Tesla Battery Gigafactory

After a couple of months of anticipation, Tesla Motors has chosen Nevada as the state to house its $5 billion "Gigafactory". Final state approval has to go through Nevada's legislature, but it seems unlikely that there will be any roadblocks. This Gigafactory is ultimately going to add about 6,500 jobs to the economy, with each paying an average of $25/hour. Beyond that, it's speculated to boost Nevada's economy by $100 billion in the first 20 years.

By 2020, Tesla expects that its Gigafactory will be able to produce enough batteries for a staggering 500,000 Tesla vehicles every single year. Further, this net-zero factory will generate at least as much power as it uses, and Tesla expects that overall costs will be 30% lower than traditional factories.

Nevada's governor Brian Sandoval had some kind words for Tesla, "These 21st century pioneers, fueled with innovation and desire, are emboldened by the promise of Nevada to change the world. Nevada is ready to lead", whilst Tesla head Elon Musk repaid the niceties, "“I would like to recognize the leadership of Governor Sandoval and the Nevada Legislature for partnering with Tesla to bring the Gigafactory to the state."

It's not entirely clear when the ground will break for its Gigafactory, but we'd assume it'd be very soon after the plan is a 100% go. The location is already set, and Tesla is no doubt anxious to get its factory operating.