Economics
Tesla Breaks Ground as Nevada Takes Lead for New Factory
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Tesla Motors Inc. said it’s broken ground near Reno for a $5 billion battery plant, signaling Nevada has vaulted to the lead of five states vying for the so-called gigafactory and its promise of 6,500 jobs.
The electric-car maker said it’s still reviewing sites in California, Texas, Arizona and New Mexico, each of which is competing to snare the economic development plum, described as the single biggest new industrial project in the U.S.