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"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.\r\nThe company\u00A0first announced its plans for a Gigafactory in February. Its\u00A0goal is to produce more battery capacity by 2020 than was produced worldwide last year, enough for 500,000 vehicles. Tesla\u00A0expects cost savings of as much as 30 percent by the end of the first year of production of its mass market vehicle.\r\n\r\nNevada Governor Brian Sandoval said in a statement that the project will have \u201Cnearly 100 billion dollars in economic impact\u201D on the state over the next 20 years. Tesla's statement doesn't mention the exact location of the factory, but reports have suggested that the site will be\u00A0near Reno.\r\nThe Reno Gazette-Journal reports that Nevada's tax breaks, if approved, could save Tesla\u00A0as much as $1.25 billion over the next 20 years.\r\n\u27A4 Nevada Selected As Official Site For Tesla Battery Gigafactory [Tesla blog]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2014/09/05/tesla-chooses-nevada-battery-gigafactory-location/>