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In the 20 years since Tesla was founded in San Carlos, California, we have grown from a long-shot startup to the state’s largest manufacturing employer and the world’s leading electric vehicle maker.

In 2014, we made a commitment to invest $3.5 billion in Nevada with our first Gigafactory. Our goal was to build a facility capable of producing 35 GWh of battery cells annually—enough to manufacture about 500,000 vehicles per year.