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CNBC's Phil LeBeau reveals details of Nevada's giga-deal with Tesla Motors which is expected to create 6,500 jobs when the plant is fully operational.
The speed in which the factory can be built is the crucial reason why Tesla chose to build its super battery factory in Nevada, says Sam Jaffe, Principal Research Analyst at Navigant Research.
CARSON CITY, Nevada, Sept 4- Tesla Motors Inc has selected Nevada as the site for a $5 billion battery factory that will be key to its next generation of electric cars, Nevada Governor Brian Sandoval announced on Thursday. California, Texas, Arizona and New Mexico were also in competition for the plant.
CARSON CITY, Nevada, Sept 4- Tesla Motors Inc has selected Nevada as the site for a $5- billion battery factory that will be key to its next generation of electric cars, Nevada Governor Brian Sandoval announced on Thursday.
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Nevada's unemployment rate will "drop considerably" should Tesla build a plant near Carson City, says Mayor Bob Crowell.
Why Tesla picked Nevada for its gigafactory, with CNBC's Phil LeBeau.
Some of Thursday's midday movers:
CNBC's Phil LeBeau speaks to the Mayor of Carson City, Nev., Bob Crowell, about the significance of landing Tesla's first gigafactory.
CNBC's Phil LeBeau reveals the key factors why Nevada was awarded Tesla's gigafatory.
Rep. Mark Amodei, (R-Nev), explains the commerce development of western Nevada, and why logistically it's the perfect location for the gigafactory.
Tesla will build its first gigafactory in Nevada. CNBC's Jim Cramer and David Faber discuss the big picture for the electric car maker.
CNBC's Phil LeBeau reports Nevada is expected to be the first state to have a Tesla gigafactory.
One pro thinks Tesla is overvalued, but another thinks the stock will continue to move higher.
Take a look at some of Wednesday's after-hours movers: TIBCO, PVH, Shoe Carnival & more.
DETROIT, Sept 3- Tesla Motors Inc is finalizing terms of a deal to build its first lithium-ion battery plant in Nevada and will make an announcement about the deal on Thursday, a person familiar with the matter said.
Sept 3- Tesla Motors Inc has decided to build its "gigafactory" in Nevada, CNBC on Wednesday cited sources as saying, picking from among several U.S. states for the future site of an estimated $4 billion to $5 billion battery plant to produce cheaper and more efficient battery packs.
John C. Thompson, Vilas Capital CIO and CEO, thinks Tesla is 5 times overvalued. Cole Wilcox, Longboard Asset Management, explains why he is buying the stock.
According to Dow Jones, Tesla will choose Nevada to build its battery factory. CNBC's Phil LeBeau provides insight.
A source said it could be a week before the deal between Tesla and Nevada for the battery "gigafactory" is finalized.