The U.S. state of Nevada is famous throughout the world for its gambling industry. But now one of the world’s most daring and costly gambles isn’t being taken in a Las Vegas casino or at a Reno poker table. The roll of the dice is on Electric Avenue in Sparks, a desert location 22 miles (35 kilometers) east of Reno.
Entrepreneur Elon Musk of Tesla Motors and Japanese company Panasonic will soon officially open the Gigafactory, a $5-billion facility that will produce lithium-ion batteries.
“We will probably be three times as efficient as the best factory in the world,” said Silicon Valley tycoon Mr. Musk. “The exit rate of cells from Gigafactory will be faster than bullets from a machine gun.”