Demand for lithium, which is used in electric vehicle batteries, has soared but domestic production of the metal has lagged behind other countries.
Chastened by a series of economic downturns that punished the hospitality industry, state leaders are working to broaden the economy.
The company’s board of directors will now decide whether to appeal the decision, change where Tesla is incorporated or negotiate a new pay package.
The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric vehicles.
A race is on to produce lithium in the United States, but competing projects are taking very different approaches to extracting the vital raw material. Some might not be very green.
The state of Nevada has been fairly generous to startup electric-car makers that pledge to establish manufacturing operations within its borders. After offering a generous incentive package several years ago, the Silver State landed Tesla's lithium-ion battery "Gigafactory," which is now up and running just outside Reno. Then it lured the...
Much of the U.S. innovation in electric-car incentives and infrastructure has come not from the federal government but from one or more states, especially California. With the decision years ago to let states either comply with national emission standards or adopt the stiffer California rules, both individual states and regional groups are...
Faraday Future's ambitious plans to launch a production electric car in less than two years appear to have hit a snag. Before the Chinese-backed startup can begin production, it needs to complete a new factory in North Las Vegas, Nevada, which has a stated cost of $1 billion. Last month, lead contractor AECOM warned Faraday that it was late on a...
The Faraday Future company has said it aims to put its first electric car into production within two years. To achieve that goal, the company is building a new factory in North Las Vegas, Nevada, at a stated cost of $1 billion. Faraday broke ground on the factory in April, although significant work did not begin until July. Now, it may have halted...