The Wall Street Journal reported that Tesla Motors Inc. (NASDAQ:TSLA) is expected to locate its planned $5-billion lithium-ion battery gigafactory in Nevada. The decision may be disclosed today at a press conference.
The Wall Street Journal reported that Tesla Motors Inc. (NASDAQ:TSLA) is expected to locate its planned $5-billion lithium-ion battery gigafactory in Nevada. The decision may be disclosed today at a press conference, according to an unidentified source.
As quoted in the market news:
The Nevada state government has scheduled a news conference at 4 p.m. local time Thursday in Carson City to announce the plant. Nevada likely offered Tesla one of the largest incentive packages in the history of the U.S. auto industry to lure the factory to a state with relatively little presence in automotive manufacturing.
By choosing Nevada, Tesla gets a site close to its Fremont, Calif., assembly plant and access to lithium, a key raw material for the batteries.Tesla has said it plans to employ up to 6,500 workers and to produce 35 gigawatt hours of battery cells annually in its so-called gigafactory. The plant eventually is expected to produce more than all of the current lithium-ion battery production in the world today.
Click here to read the full report from The Wall Street Journal.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1927.96 | +0.24 | |
Silver | 23.60 | +0.01 | |
Copper | 4.23 | -0.04 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 79.38 | -1.63 | |
Heating Oil | 3.19 | -0.11 | |
Natural Gas | 2.85 | -0.09 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â