Tesla Motors Announces Huge New Factory in Nev.

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Gov. Brian Sandoval announced Thursday that Nevada won a high-stakes battle with four other states for Tesla Motors' coveted battery factory, but the win comes with a hefty price tag - up to $1.3 billion in tax breaks and other incentives..

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    Gov. Brian Sandoval announced Thursday that Nevada won a high-stakes battle with four other states for Tesla Motors' coveted battery factory, but the win comes with a hefty price tag - up to $1.3 billion in tax breaks and other incentives.

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    The Tesla Roadster hit production in 2008 as the original electric vehicle to debut for the American automaker. It helped show that EVs could be carbon conscious and cool, helping pave the way for Tesla to develop and sell more practical and efficient vehicles.


    Although it was a niche vehicle from a relatively unknown automaker at the time, The Roadster emerged as the first highway legal serial production BEV to use lithium-ion batteries. It was also the first fully-electric production vehicle to travel over 200 miles on a single charge.


    Tesla ended up selling close to 2,500 first-generation Roadsters over the course of the four years it was in production. Small potatoes by today’s Tesla standards, but this Roadster remains the EV that put Tesla on the map and kicked in the door of an industry still very much focused on internal combustion engines. It remains a collector’s item for many as the original Tesla.


    Used Roadsters remain coveted EVs and are still available on the used car market.


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    On Thursday, Elon Musk unveiled the latest production model from Tesla Motors.
    With a starting price of $35,000, the Model 3 will be the least expensive electric car from the company.
    Adding that Tesla doesn't make slow cars, Musk stated the base Model 3 will accelerate from 0-to-60 miles-per-hour in less than 6 seconds.
    Although the models shown by Musk during an event at the company's design studio were prototypes, the Model 3 is expected to go on sale at the end of 2017.
    According to Tesla, 115,000 Model 3 sedans have already been reserved by prospective buyers.

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