Tesla’s Gigafactory east of Reno produces the batteries that fuel the company’s electric cars. Production has created more than 7,000 jobs, and the campus that includes one of the largest buildings in the world is expected to triple in size by the time it is completed. Tesla Vice President Chris Lister leads a tour of the facility. (Bill Dentzer/Las Vegas Review-Journal)
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
