- Tesla is getting the land for free, along with a $1.3-billion package of economic-development incentives it negotiated with Nevada.
- Scheduled for completion in 2020, the gigafactory is intended to produce 500,000 battery packs a year, mostly to be shipped to the company’s auto-assembly plant in Fremont, California, for use its promised mass-market electric car.
- Battery production at the gigafactory is supposed to begin in 2017 and peak battery production should be reached when the gigafactory is fully complete in 2020. When finished, he says, the building will likely total between five and six million square feet—nearly as big as the Pentagon. The gigafactory is expected to cost $5 billion and employ about 6,500 workers.
Tesla closes on free Nevada land for gigafactory
1. 29. 15 by Alex Klokus