Tesla Motors narrows Gigafactory site candidates

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA -1.8%) has eliminated California as a site for its Gigafactory, according to The Los Angeles Times.

The cost of the real estate needed to build the Gigafactory on is believed to be the primary reason the EV automaker would shun the state where its sales are the strongest.

Though Arizona, Texas, and New Mexico are in the running for the massive battery plant, Nevada appears to be the best bet to win out.