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Tesla said to pick Nevada for $5B factory

By JUSTIN PRITCHARD and SCOTT SONNER Associated Press

Publication: The Day

Published September 04. 2014 4:00AM

Reno, Nev. - Tesla Motors has chosen Nevada as the site for a massive, $5 billion factory that will pump out batteries for a new generation of electric cars, a person familiar with the company's plans said Wednesday.

The person, who spoke on condition of anonymity because no official announcement had been made, said work would soon resume at an industrial park outside Reno.

Four other states were vying for the project, and the estimated 6,500 jobs it will bring.

Nevada Gov. Brian Sandoval's office said only that the governor would make a "major economic development announcement" Thursday afternoon. A spokesman for Tesla, based in Palo Alto, Calif., said company representatives would be at the Capitol for the announcement but offered no other details.

The other finalist states were California, Texas, Arizona and New Mexico.

Tesla has done site-preparation work at the Reno Tahoe Industrial Center but had not publicly committed to building in Nevada, instead asking other states to put together their best packages of economic incentives.

CEO Elon Musk said he would prepare two sites, in case one falls through.

The person familiar with Tesla's plans told The Associated Press that a second site would still be prepared, in case Nevada is not able to deliver the incentives it has promised - or possibly to build a second factory.

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