After months of guessing, the location of the first massive Tesla battery plant should be announced around 24 hours from now. A joint press conference has been called by Tesla and the Nevada Governor's office for tomorrow afternoon and the subject is likely to be that the so-called Gigafactory will be built in Reno, NV.

Reno was first confirmed as a serious candidate for one of the Gigafacatory locations during Tesla's most recent shareholder call at the end of July, when the automaker said it had broken ground on a potential location there. Speculation was swirling before that that Reno would be chosen first. Tesla wouldn't directly confirm what the subject of tomorrow's announcement would be, but did give AutoblogGreen a statement that said, "Tesla looks forward to joining Governor Sandoval and legislative leaders tomorrow in Carson City at 4 pm for a major economic development announcement." We'll let you decide.

When it announced the $4-5-billion Gigafactory, Tesla said it would provide up to 6,500 jobs and make enough batteries to supply 500,000 Tesla electric vehicles a year, in particular the company's next vehicle, the lower-cost Tesla Model 3. Of course, Tesla also said it would not announce the location of the battery plant until "late 2014," so we'll take everything with a grain of salt for now.

Recently, the California Budget Project suggested the five states in the running for the first Gigafactory should work together so as to not give too many tax benefits to Tesla. We should find out tomorrow how much Nevada "spent" to attract the new battery plant and a host of other details.
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**Media Advisory** Governor Brian Sandoval to Host Press Conference for Major Economic Development Announcement
Contact
Mari St. Martin
Communications Director
(702) 250-8210
mstmartin@gov.nv.gov
Carson City, NV - September 03, 2014

Governor Brian Sandoval will host a press conference tomorrow, Thursday, September 4th, for a major economic development announcement.

TIME: 4:00 p.m.

WHAT: Press Conference

WHO: TBD

LOCATION: Capitol Building
101 Carson Street
Carson City, NV 89701

MEDIA: RSVP to confirm location
Press set-up to begin 30 minutes before press conference

###

Office of the Governor . 101 North Carson Street . Carson City, NV 89701 . (775) 684-5670
Grant Sawyer State Office Building . 555 East Washington, Ste 5100 . Las Vegas, NV 89101 . (702) 486-2500


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    • 1 Second Ago
  • 139 Comments
      Kris Derentz
      • 3 Months Ago
      Without the tax benefits. No corp income tax in NV and no state income tax for residents.
      Koenigsegg
      • 3 Months Ago
      Let the rEVolution begin!
      Thereminator
      • 3 Months Ago
      But....ya gotta pay-off Jerrys kids!!! : )
      Really
      • 3 Months Ago
      It's the Giggle-Factory taxpayer frisk in Nevada. This factory will never pan out as there is no way they will need this much capacity. Plus the UAW will be pushing for unionization as soon as hiring starts.
      Avinash Machado
      • 3 Months Ago
      Great choice.
      purrpullberra
      • 3 Months Ago
      Great news. Praises to whatever people/forces kept the Gigafactory out of Texass. Whew !!! That was close. And I know a future Gigafactory may be built in TX and that there are some economic benefits that MAY be realized by building there. But ABSOLUTELY MAXIMIZING PROFITS NO MATTER WHAT isn't the way Tesla generally operates. It's one of their admirable qualities, to me. I expect this news to propel the stock a little higher, maybe to $300 though there really is no reason to do so, as usual. But as long as they keep hitting the necessary goals along the way to building the Model3 the stock is likely to continue to rise, hopefully not too much more. I still want to buy! If only I put it ALL in when I bought at $27. 10x increase in value. Sigh.
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
          j
          • 3 Months Ago
          @jphyundai
          Yep, "and make enough batteries to supply 500,000 Tesla electric vehicles a year," that's quite a pop!
        jphyundai
        • 3 Months Ago
        @purrpullberra
        Keep pumping up that bubble. At least you will make a mint before it pops.
      Really
      • 3 Months Ago
      It's the Giggle-Factory taxpayer frisk in Nevada. This factory will never pan out as there is no way they will need this much capacity. Plus the UAW will be pushing for unionization as soon as hiring starts.
        kent
        • 3 Months Ago
        @Really
        Lets hope they unionize! Think the board of directors isn't working together to make sure their compensation packages are neatly lined up?? Only way to get a middle class income nowadays. In Germany they mandate union representation, and their car industry or economy isn't exactly slacking.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
          Really
          • 3 Months Ago
          @kent
          In Germany the Unions actually work with management. Get the facts straight before you compare the pathetic parasite called the UAW to Germany's Unions.
        archos
        • 3 Months Ago
        @Really
        Lets hope the workers unionize. You think the board of directors isn't working together to make sure their compensation packages are all nicely in order??
        archos
        • 3 Months Ago
        @Really
        Lets hope the workers unionize. You think the board of directors isn't working together to make sure their compensation packages are all nicely in order??
        Spec
        • 3 Months Ago
        @Really
        Yeah, they won't need that much capacity . . . . they'll need more. But they can build more factories later.
          Really
          • 3 Months Ago
          @Spec
          The industry analysts who do this for a living have already been say the Giggle-Factory has been blown way out of proportion to real need.
        jeff
        • 3 Months Ago
        @Really
        Well you have been wrong so far....
        j
        • 3 Months Ago
        @Really
        "It's the Giggle-Factory taxpayer frisk in Nevada. This factory will never pan out as there is no way they will need this much capacity. Plus the UAW will be pushing for unionization as soon as hiring starts." Who cares!!!!!! It'a a factory, it employs workers. That's the goal of economic development. Who cares!!!!! If it makes batteries for 35,000 cars (Model S this year) or 500,000 Tesla next Gen cars. That is from 245,000,000 batteries to 3,500,000,000 batteries anyway. Who cares!!!!! If the UAW works there. Battery companies are highly automated. UAW labor only amounts to an average of $67 for each US built car anyway. For a battery factory, the UAW would be responsible for even far less than that per unit.
        archos
        • 3 Months Ago
        @Really
        Lets hope the workers unionize. You think the board of directors isn't working together to make sure their compensation packages are all nicely in order??
        Grendal
        • 3 Months Ago
        @Really
        It's a battery factory, not an auto factory. Union of Auto Workers. The key word there is Auto. UAW already went to the Fremont factory and the workers don't seem interested in unionizing. As for the rest, well you hate Tesla so what do you care? Unless you live in Nevada it will have no effect on your life.
      Spec
      • 3 Months Ago
      Biggest Little Battery factory in the world. Well, it was the obvious choice . . . close to the car factory, Nevada has lithium mines, good solar resources, good wind resources, low taxes, low humidity, etc.
        Joeviocoe
        • 3 Months Ago
        @Spec
        And... direct rail access all the way to Freemont CA..... which is important when hauling heavy batteries to the vehicle factory. Autoblog Comments Enhancer (ACE) v1.0.0 - bit.ly/Autoblog_Comments
        Joeviocoe
        • 3 Months Ago
        @Spec
        And... direct rail access all the way to Freemont CA..... which is important when hauling heavy batteries to the vehicle factory. Autoblog Comments Enhancer (ACE) v1.0.0 - bit.ly/Autoblog_Comments
        Joeviocoe
        • 3 Months Ago
        @Spec
        And... direct rail access all the way to Freemont CA..... which is important when hauling heavy batteries to the vehicle factory. Autoblog Comments Enhancer (ACE) v1.0.0 - bit.ly/Autoblog_Comments
      jonnybimmer
      • 3 Months Ago
      But building such a factory in CA would be a pretty dumb move considering how much more expensive it would have been. As much as I enjoy the extra boost they give the Bay Area economy where I currently reside, I'm surprised they're even keeping their Fremont factory going. There are good reasons why Toyota has been in process of leaving CA for the past few years.
      jphyundai
      • 3 Months Ago
      I have to give Tesla credit for making the wise decision to stay out of California. They must have learned from Toyota, which has just left.
        lasertekk
        • 3 Months Ago
        @jphyundai
        Idiot. You do know that the main Tesla factory IS in California. Guess they're doing just fine.
        lasertekk
        • 3 Months Ago
        @jphyundai
        Idiot. You do know that the main Tesla factory IS in California. Guess they're doing just fine.
        lasertekk
        • 3 Months Ago
        @jphyundai
        Idiot. You do know that the main Tesla factory IS in California. Guess they're doing just fine.
        lasertekk
        • 3 Months Ago
        @jphyundai
        Idiot. You do know that the main Tesla factory IS in California. Guess they're doing just fine.
      Koenigsegg
      • 3 Months Ago
      Let the rEVolution begin!
      Elwood Dyck
      • 3 Months Ago
      Bundy Ranch ????
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