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September 5, 2014

Nevada offers Tesla up to $1.3B over 20 years for $5B ‘gigafactory'

  • The battery plant would be about 10 million square feet, equivalent to about 174 football fields, and open in 2017.
    Associated Press

    CARSON CITY, Nev. — Nevada Gov. Brian Sandoval asked state legislators on Thursday to approve tax breaks and other incentives worth up to $1.3 billion over 20 years to bring Tesla Motors' battery factory to the state.

    Tesla wants to build the massive factory at an industrial park near the Reno suburb of Sparks — as long as lawmakers agree to the package Sandoval negotiated with the electric car maker.

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