Tesla, Nevada Governor Plan Battery Factory Press Event

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Sept. 3 (Bloomberg) -- Tesla Motors, which has broken ground on a potential site in Nevada for its planned massive battery factory, said it will hold a press conference tomorrow with the state’s governor to discuss the project. Betty Liu reports on "Street Smart." (Source: Bloomberg)

Information on this, and nevada it is?

Possibly.

I just got off the phone with the spokesperson for tesla, and it has been a five-state race to get tesla to build this giga factory, and $5 billion is what this factory is worth, and what simon said to me, he would not confirm if elon musk will show up, but simon is going to be there, so you can assert how important it this is going to be, their top spokesman, so they are going to be there to make a big announcement along with the nevada governor, brian sandoval, and as was pointed out, we can show his tweet, where he noted, stay tuned for a major announcement tomorrow at 4:00 p.m. related to economic development in the state.

They are making a big deal about it in carson city, and, as i mentioned, $5 billion, and it would create about 6500 jobs.

There are a lot of reasons for a company to want to be in nevada also, and it has to deal with taxes.

Exactly.

Part of the incentives for tesla, as you said, a right to work state, so there are certainly some very liberal laws for employers, no corporate or personal income taxes, and job training grants, so this is going to be big, not just for the state, but for the company, itself.

There have been so many doubts about what this factory was going to be.

Can elon musk pull this off?

And a sauna, just about a month ago signed on to invest about $1.4 billion in this, as well, so the more it progresses, the more credible this lithium-ion battery factory seems to be.

All right, we will be watching.

What time?

It is 4:00 p.m. local time, and as we mentioned, tesla is going to be there.

All right, we will be watching if elon goes.

This text has been automatically generated. It may not be 100% accurate.

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