Tesla Motors
Tesla announced its plans to build its giant battery factory, dubbed the Gigafactory, in February 2014 and it didn't wait long before looking for somewhere to build it.
Tesla ultimately decided on a site in Storey, Nevada appropriately located along Electric Avenue.
The original site was 1,000 acres, but in June 2015 the company purchased an additional 1,864 acres of adjacent land.
According to Tesla's website, the giant factory will help it dramatically cut the cost of its batteries by "using economies of scale, innovative manufacturing, reduction of waste, and the simple optimization of locating most manufacturing process under one roof."
Once the factory is fully operational by 2020, Tesla estimates the factory will enable it to reduce its battery prices by about 30%.
The lowered cost of the batteries will enable the company to price its Model 3 at about $35,000.