Tesla has announced that it will build its $5 billion battery Gigafactory in Nevada. News of the deal leaked out ahead of time, but the partnership is now official. The company_first announced its plans for a Gigafactory in February. Its_goal is to produce more battery capacity by 2020 than was produced worldwide last year, enough for 500,000 vehicles. Tesla_expects cost savings of as much as 30 percent by the end of the first year of production of its mass market vehicle. Nevada Governor Brian Sandoval said in a statement that the project will have “nearly 100 billion dollars in economic...
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