Elon Musk joined Nevada Governor Brian Sandoval in Carson City to announce the selection of Nevada as the official site for the Tesla Gigafactory. At over 5 million square-feet, the massive diamond-shaped battery plant will be one of the largest in the world, and Tesla is getting $1.2 billion in tax breaks over 20 years.
"The Gigafactory is an important step in advancing the cause of sustainable transportation and will enable the mass production of compelling electric vehicles for decades to come," Musk said in a statement. "Together with Panasonic and other partners, we look forward to realizing the full potential of this project."
Tesla pitted five states against one another in a bid for the factory, and Nevada came out on top with the right combination of incentives and tax abatement to draw the automaker to the state.
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