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Nevada Wins Bid for $5-billion Tesla Factory

Electric car company Tesla will build a $5 billion factory in Nevada after accepting a hefty incentives package from the U.S. state. Nevada beat out Arizona, California, New Mexico and Texas for the Tesla plant by offering $1 billion to the company over the next 20 years, mainly in the form of tax breaks. In exchange, Tesla is projected to create more than 22,000 jobs, including 6,500 permanent positions at the so-called "Gigafactory." It is also expected to bring in $100...

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