Citing Nevada’s ability to cut through red tape, the chief executive of Tesla Motors Inc. confirmed Thursday that his electric-car company has chosen a site near Reno for a 6,500-job battery factory.
Speaking with Gov. Brian Sandoval in front of hundreds of supporters on the steps of the Capitol, CEO Elon Musk said “time to execution” was the biggest reason he chose Nevada for the coveted factory. He said speed was more important than financial incentives, which state officials said would total between $675 million and $1.1 billion over 20 years.
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