Tesla Looks Likely to Announce a Gigafactory in Nevada

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Tesla is expected to announce plans tomorrow to build a Gigafactory in Nevada, a $4 billion to $5 billion project that's likely to employ up to 6,500.

A Tesla rep confirmed to Mashable that the company is planning a press conference about a "major economic development announcement" with Nevada Gov. Brian Sandoval on Thursday in at 4 pm local time in Carson City, Nevada. The rep declined to comment on the substance of the announcementMultiple reports say a Gigafactory is coming, though.

See also: It's Not Just Tesla: Why Dealers Are Wary of Electric Cars

Tesla and Panasonic announced plans in July for a new factory, which would manufacture batteries for its vehicles. The company at the time was considering California, New Mexico, Arizona and Texas as possible locations. Read more...

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from MashableTodd Wasserman