Tesla Chooses Nevada for Battery 'Gigafactory': Sources

Tesla Motors has chosen Nevada as the site for a massive, $5 billion lithium-ion battery factory dubbed the "gigafactory," sources told CNBC. "That's a go, but they are still negotiating the specifics of the contract," a source within the Nevada's governor's office told CNBC Wednesday afternoon. The source noted that it could be a week before the deal is official. Gov. Brian Sandoval will hold a news conference Thursday in Carson City, Nevada, to make a "major economic development announcement,'' according to a media advisory from the state. Tesla spokesman Simon Sproule declined to give details but confirmed Tesla officials would be at the event. In July, the automaker announced that it had partnered with Japanese electronics firm Panasonic to build the factory. Tesla also considered California, New Mexico, Arizona and Texas as possible locations for the factory. Tesla has done site-preparation work at the Reno Tahoe Industrial Center but had not publicly committed to building in Nevada. CEO Elon Musk said he would prepare two sites, in case one falls through.

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For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

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FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

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