NM a finalist for Tesla gigafactory

ALBUQUERQUE (KRQE) – Here’s some promising news for the state: Tesla Motors confirms that New Mexico is a finalist for its new battery manufacturing plant.

New Mexico is one of four states in the running.

The other three are Nevada, Arizona and Texas.

The electric car maker says the massive gigafactory will employ around 6,500 people. That’s 4,500 more than first thought.

“We’ve been working for some time now in a coordinated effort to make the best case for Tesla Motors to come to the Albuquerque metro area,” said Gary Oppedahl, Albuquerque economic development director. “We are thrilled to be in the running for a site of this magnitude which has the potential for thousands of jobs with a very forward-looking company. This type of advanced technology is the perfect complement for New Mexico’s strengths.”

Tesla plans to start construction this year and complete the factory in 2017.

It expects to supply enough batteries for the 500,000 cars it hopes to make by 2020.

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Read the post from Tesla’s Blog.

Tesla’s Looking Forward Statement

Certain statements in this communication, including statements regarding the Tesla Gigafactory and its development plans, production capacity, cost savings, costs, timeline and vehicle production estimates, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations, and as a result of certain risks and uncertainties, actual events or results may differ materially from those contained in the forward-looking statements. Various important factors could cause actual results to differ materially from those in the forwardlooking statements, including potential difficulties in finding a suitable Tesla Gigafactory site, obtaining required permits, negotiating terms with technology and other partners, maintaining implementation schedules, output and cost estimates and vehicle demand. Please refer to Tesla’s most recent Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. These filings contain and identify important factors that could cause actual results to differ materially from those contained in Tesla’s forward-looking statements. Tesla disclaims any obligation to update information contained in these forward-looking statements.


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