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The Tesla Gigafactory will be built in Nevada
Nevada is set to become one of the battery capitals of the world as Tesla has made its final decision on the location of its battery gigafactory. It will be located close to Reno, Nevada, and the automaker broke ground at the site in early August.
The news was announced at a press conference in Carson City, Nevada. Other sites that were being considered were California, Arizona, New Mexico, and Texas. The factory is estimated to cost $5 billion, will occupy 10 million square feet, and be home to 6,500 jobs.
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Now that we know where the factory will be built, Tesla has told us quite a bit more information about the gigafactory. The factory will be over 5 million square-feet, will cost $5 billion to build, will employ 3,000 construction workers, 6,500 manufacturing jobs, and is thought to add another 16,000 indirect jobs to the State once the factory is running in 2020. The factory will also run entirely on renewable energy.
Another thing to think about is the tax credits given to Tesla by Nevada.
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The tax abatements are as follows:- 100% sales tax until June 30, 2034
- 100% of real property tax until June 30, 2024
- 100% of personal property tax until June 30, 2024
- 100% of modified business tax until June 30, 2024
As well as the fiscal projection after abatements of:
- $430 million in general fund revenue over 20 years
- $950 mil in local government revenue over 20 years
- $500 mil in K-12 education over 20 years
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Why would they not choose Nevada if they were willing to offer 100% Tax exemptions for 10 years.
Elon also thinks it will be a tourist attraction, right in the middle of the desert...
"We're going to make sure that people can visit it, come look and check it out, because it will be worth seeing," he said.
Elon also thinks it will be a tourist attraction, right in the middle of the desert...
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When completed, the factory may become a tourist attraction, Musk said."We're going to make sure that people can visit it, come look and check it out, because it will be worth seeing," he said.
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I don't know about being a tourist attraction...
Other states were also offering incentives to get the factory in their own locales. It was basically a race to the bottom. Should provide a lot of jobs for people. Hopefully Tesla pays them well especially since they are going to get all these tax savings.
Other states were also offering incentives to get the factory in their own locales. It was basically a race to the bottom. Should provide a lot of jobs for people. Hopefully Tesla pays them well especially since they are going to get all these tax savings.
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Originally Posted by Junior
I don't know about being a tourist attraction...
Other states were also offering incentives to get the factory in their own locales. It was basically a race to the bottom. Should provide a lot of jobs for people. Hopefully Tesla pays them well especially since they are going to get all these tax savings.
Other states were also offering incentives to get the factory in their own locales. It was basically a race to the bottom. Should provide a lot of jobs for people. Hopefully Tesla pays them well especially since they are going to get all these tax savings.
You want taxes to fund social programs this is where the revenue should be coming from...
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It's about time, good to see tesla is expanding and opening this new facility up
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- $725 million in tax exemptions through 2034
- $300 million in various tax savings through 2024
- $120 million in tax credits for meeting the state’s investment threshold of $3.5 billion
- $75 million in tax credits for up to 6,000 jobs created
- Reduced utility rates
sweet deal, now what about the rest of us....
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ITs officially official now, the govener signed it into law.
Finally, the legislature had to agree to give Tesla and other EV manufacturers the right to directly sell their wares to customers in Nevada without going through the traditional dealership model.
In exchange, Tesla will provide $7.5 million annually to the state for education funding over the next five years beginning in 2018, as well as invest $3.5 billion in manufacturing equipment and real estate in Nevada.
Most interestingly, Nevada raided other tax incentive programs with the Film and Insurance industries to pack funds into the Tesla deal. Puts perspective on the importance the system views Tesla with. Why is that, its supposed to be a threat to the current way of operating...
Or is it?
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In addition, the state will buy Tahoe Reno Industrial Center’s main road, the USA Parkway, for $43 million, and will extend the road to U.S. Highway 50 at a cost yet to be determined.Finally, the legislature had to agree to give Tesla and other EV manufacturers the right to directly sell their wares to customers in Nevada without going through the traditional dealership model.
In exchange, Tesla will provide $7.5 million annually to the state for education funding over the next five years beginning in 2018, as well as invest $3.5 billion in manufacturing equipment and real estate in Nevada.
Or is it?
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Interesting that the Gigafactory may actually mean little to Tesla in terms of production, the money is in sales. If you control the means of production you wield the true power. As true for electric cars as it is for banking, or politics...
http://www.bloomberg.com/news/2014-0...in-europe.html
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The development with Tesla is catching a lot of attention in Europe,” Laurent Abadie, who heads the Japanese manufacturer’s operations in Europe, said in an interview yesterday. “It could bring some acceleration to this industry. Especially the German carmakers are trying to catch up.”
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beautiful car
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