Faraday Future remains quite secretive. The company now promises to invest $1 billion in state-of-the-art, US factory, but for now the EV maker only narrows down the potential location to California, Georgia, Louisiana, and Nevada.
To paraphrase Dr. Evil from Austin Powers: International Man of Mystery, why spend a trillion when you could spend ... billions? That's what Panasonic is saying about its investment in Tesla's gigafactory, though there's a catch. The billions are in Japanese yen.
Now that the Nevada deal for the Tesla Motors Gigafactory has the governor's signature, we've got more details on the automaker's $1.2-billion benefits package. As originally reported, this is the broad breakdown:
When it comes to Nevada's financial incentives that lured Tesla Motors to build its Gigafactory in the Silver State, some lawmakers have said Gov. Brian Sandoval has some 'splain' to do. And such explanations are slated to start today, reports Reuters. When there are $1.3 billion or so worth of incentives, the conversation's likely to be a lengthy one.
You want details on the Gigafactory? You got 'em. At least the preliminary ones. At an event with Nevada Governor Brian Sandoval this afternoon, Tesla Motors announced that its first Gigafactory will be built outside Reno. As was leaked yesterday and confirmed by unnamed state officials today, the plant will be where Tesla will make a big statement not only about EVs but also the power of Nevada to further that particular fight.
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.
Nevada may not often be thought of as a state plagued by heavy rains, but some residents who are being inundated with severe storms that are causing flash flooding and mudslides might beg to differ. One recent deluge was strong enough to overflow the US 95 highway and shut down the road. The powerful current turned the median into raging rapids capable of carrying away people and cars. Of course, with everyone carrying a camera at all times these days, the horrifying incident was captured on vid