Tesla choosing Nevada for battery factory

LAS VEGAS -- The electric car company Tesla has chosen Nevada for its new massive, $5 billion factory that will be used to build batteries for a new generation of electric cars.

A person familiar with Tesla's plans said Wednesday that Nevada beat out four other states which were vying for the project.

The person, who spoke on condition of anonymity because no official announcement has been made, said work soon will resume on a site outside Reno.

A spokesperson for Tesla said it will join Nevada Governor Brian Sandoval's and legislative leaders at a news conference Thursday in Carson City for what it is calling a "major economic development" announcement.  

The other finalist states were California, Texas, Arizona and New Mexico.

(Associated Press contributed to this report)


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