• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


Tesla Motors Plans $5 Billion Lithium Battery "Gigafatory” Near Reno, Nevada

Tesla Motors has chosen to build its $5 billion lithium battery "Gigafatory” at an industrial park east of Sparks, Nevada, a Reno suburb.

“I would like to recognize the leadership of Governor Sandoval and the Nevada Legislature for partnering with Tesla to bring the Gigafactory to the state. 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. Together with Panasonic and other partners, we look forward to realizing the full potential of this project,” said Elon Musk, Chairman/CEO of Tesla Motors.

“This is great news for Nevada. Tesla will build the world’s largest and most advanced battery factory in Nevada which means nearly one hundred billion dollars in economic impact to the Silver State over the next twenty years. I am grateful that Elon Musk and Tesla saw the promise in Nevada. These 21st century pioneers, fueled with innovation and desire, are emboldened by the promise of Nevada to change the world. Nevada is ready to lead,” stated Governor Brian Sandoval.

"We are pleased with the recent announcement and the validation of the business friendly climate in Nevada. The costs of doing business in Nevada, including energy costs, are very competitive with the west and the rest of the country. We congratulate the state and everyone involved for their leadership on this project." stated Mary Simmons, Vice President - Business Development & Community Strategy at NV Energy.

“This is a significant opportunity to make a major stride to improve our statewide economy. I look forward to receiving the necessary information so the Legislature can meet and take necessary action to support this major industry coming to Nevada,“ stated Speaker Marilyn Kirkpatrick.

Exclusive Research