Tesla Motors Moves Ahead With Construction of $5 Billion Nevada Gigafactory

SUGAR LAND--December 29, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Construction of the massive Tesla lithium ion battery factory in Nevada is underway. The Gigafactory, a $5 billion joint venture between Tesla Motors (NASDAQ:TSLA) (Palo Alto, California) and Panasonic (Osaka, Japan), will be located 20 miles outside Reno. Within this article: Gigafactory lithium ion battery facility by Tesla Motors (NASDAQ:TSLA) and Panasonic. Additional companies: SolarCity (NASDAQ:SCTY)