Tesla's "Bake Off" For Its $5 Billion Gigafactory Just Got Bigger - Presented by: The Aol. On Network

Tesla Motors said Tuesday is inching closer to a decision on the Southwest states that will get to break ground on its $5 billion gigafactory, which will produce enough battery packs by 2020 to supply 500,000 vehicles. At the company’s annual shareholders meeting in Mountain View, Calif., Tesla’s CEO Elon Musk said the company now expects to allow up to three states to be the finalists in the race to build the factory, up from its previous plans to pit two states against each other.



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