But Elon Musk Sets A High Price Tag
Tesla Motors made it official on Thursday: it has broken ground outside Reno, Nevada, for the first potential site of its $5 billion gigafactory plant.Tesla CEO Elon Musk disclosed the location in a letter to shareholders that accompanied Tesla’s second-quarter results. It has long been rumored that Reno stood the best chance of becoming a gigafactory semi-finalist. And in fact, Musk said that Tesla actually broke ground at the Reno location last month.
Musk was careful to say that the site “could be” the final location for the gigafactory, which will produce battery packs to power Tesla’s upcoming Model 3 car, due later in the decade.
