Tesla Motors is going to need to expand production to hit its goal of selling a $35,000 electric vehicle by 2017, and as rumored, today it's announcing plans for a new plant in Nevada that will help it get there. Several states were in the running to host the "Gigafactory" but Elon Musk and Co. have chosen to put down roots in the Reno area. According to local papers like the Reno Gazette-Journal , that's why Nevada Gov. Brian Sandoval will ask the state legislature to approve a $1.25 billion tax incentive package to make the deal stick. The deal is being announced right now at a press conference, check out the live video after the break to follow along.
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Nevada selected as official site for Tesla battery Gigafactory: http://t.co/T2TwWT3gi8
- Tesla Motors (@TeslaMotors) September 4, 2014
We have reached an agreement with Tesla Motor Company. #AllNevada http://ift.tt/WjBnR8
- Governor Sandoval (@GovSandoval) September 4, 2014 Filed under: Transportation
Source: Tesla Motors, YouTube, Las Vegas Review-Journal, Reno Gazette-Journal
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