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Tesla chooses Nevada for battery factory

Tesla has finally decided that it will build its $5 billion lithium-ion battery plant—dubbed the gigafactory—in Nevada, sources say.

Tesla chooses Nevada for its battery factory: Sources

In July, the automaker announced that it had partnered with Japanese electronics firm Panasonic to build the 35 GWh cell factory. It also said it would announce additional partnerships in the coming months.

Analysts at Lux Research expect the "gigafactory" to reduce the cost of the Tesla Model 3 by $2,800, which it says is "not enough to sway the success of the planned lower-cost EV."

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What's the benefit of Nevada? Low taxes and inexpensive employee wages?

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