Business/Economy
3:33 pm
Wed September 3, 2014

Tesla Chooses Nevada Over Texas For Its $5 Billion Factory

Tesla Motors has selected Nevada over Texas for a massive $5 billion factory that it will build to pump out batteries for a new generation of electric cars.

A person with familiar with Tesla's plans told The Associated Press Wednesday that Nevada beat out four states that were vying for the project.

The person, who spoke on condition of anonymity because no official announcement has been made, said work soon will resume on a site outside Reno.

Nevada Gov. Brian Sandoval's office said only that the governor will make a "major economic development announcement" Thursday afternoon. A Tesla spokesman says company representatives will be at the Capitol for the announcement.

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

Earlier coverage

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