Tesla's $5 Billion Gigafactory Will Hire 6,500 Workers in the U.S.

Tesla has revealed more details about its new battery plant, dubbed the Gigafactory, which will be “world’s largest battery factory” when it powers up by 2017.

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Tesla has revealed more details about its new battery plant, dubbed the Gigafactory, which will be “world’s largest battery factory” when it powers up by 2017. Tesla estimates that the Gigafactory will cost about $5 billion and will employ up to 6,500 employees at a site that could be up to 1,000 acres.
Tesla hasn’t announced where the site will be located in the U.S., but the automaker is currently looking at several sites in Nevada, New Mexico, Arizona and Texas. While Tesla figures out where it’s going to build its new gigafactory, the automaker is likely to spark a bidding war between states that are eager for the 6,500 jobs that the plant could create.

The new gigafactory is key to Tesla’s plans to produce 500k vehicles a year by 2020, which is u significantly from the 35,000 vehicles that Tesla will build this year. The factory, which will help drive down the costs of lithium-ion batteries by up to 30 percent will also help Tesla bring the new cheaper, mass market Model E sedan.

Source: Tesla