States Line Up To Host Tesla Giga Battery Factory

Tesla Motors Inc.'s plan to build what co-founder Elon Musk bills as the world's largest battery factory could shake up the power industry and trigger a bidding contest between states eager for the 6,500 jobs the $5 billion investment could create.

The luxury electric-car maker said Wednesday that it's selling at least $1.6 billion of convertible notes to finance the project and exploring locations in Texas, Nevada, Arizona and New Mexico for a 10 million-square-foot facility.

Tesla declined to comment on whether any negotiations had begun.

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MrEE - 2/27/2014 8:53:40 PM

+1 Boost

Surprising with the glut of battery manufacturing from the gov incentives.

TauronB2G - 2/28/2014 7:48:39 PM

+1 Boost

I doubt Texas is even in the running since they won't even let them sell them here.
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