Tesla's $5 billion battery factory is coming to Nevada. The Los Angeles Times expects Nevada's governor, Brian Sandoval, to announce the factory today in Carson City. 

A number of other states were being considered for the gigafactory location, including Arizona, California, New Mexico and Texas. This giant factory will build lithium ion power for the Model S and Model X. The competition was stiff for the plant as around 6,500 jobs are up for grabs -- though the factory could end up employing even more as the cars become more popular -- a major boost to any local economy. 

California, the current HQ of Tesla, was pushing the hardest for the gigafactory. The governor even offered the electric car brand a substantial tax break. Still, the losing states need not despair. There might be another factory up for grabs later on as Tesla expands their line of vehicles to include an SUV and lower priced sedan. 

Tesla has not yet fully confirmed the factory. They told CNBC, who broke the story, "We are in ongoing discussions ... and look forward to joining the governor and members of the Legislature tomorrow."