Musk’s Tesla to Name Final Gigafactory Site Around Year-End
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Tesla Motors Inc., the electric-car maker led by Elon Musk, won’t decide until year-end where to build a battery “gigafactory” even as it readies multiple plant sites, the billionaire clarified for investors.
The company first proposed the sprawling battery plant in February to supply lower-cost lithium-ion cells for its cars and packs for home-power storage devices. Tesla will soon start preparation in as many as three states “all the way to creating a foundation,” completing plans and gaining local approval, Musk, 42, said yesterday at Tesla’s annual shareholder meeting in Mountain View, California.