Reno Selected For Tesla Motors Battery Factory

First time accepted submitter Mikenan writes Tesla has finally decided that it will build its battery "gigafactory" in Nevada, sources say. "That's a go, but they are still negotiating the specifics of the contract," a source within the Nevada's governor's office told CNBC Wednesday afternoon. The source noted that it could be a week before the deal is official. Nevada is planning a press conference Thursday in Carson City.

Comments

Re:Another building full of robots?

[sobiloff]

Whoops, 6,500 direct factory jobs, 9,000 associated jobs.

http://www.rgj.com/story/money/reno-rebirth/2014/06/15/reno-rebirth-tesla-game-changer/10406441/

Re:That's not what MotherJones says

[kellymcdonald78]

It's possible to generate 25% margin on each car, yet still have the company post a loss (Learn to read an Income Statement). All it requires is the company to re-invest all of that margin (and more) say... building a Gigafactory or other R&D or expansion activities. When you're in a growth phase like Tesla and your overriding objective is to scale the business, you would expect the company to be running on the edge of profitability, simply because every dollar in profit is a dollar that can be used to fund your expansion.

Re:California Betrayed

[Daetrin]

Well if California was actually betrayed by anyone, the first blame would have to fall at the feet of the state legislature, which failed to vote on the incentive package before the latest session ended. When the California governor promised Tesla the incentives the company responded with interest, and a few days after those incentives disappeared in puff of legislative smoke Tesla announced their decision to go with Nevada.

http://www.usatoday.com/story/...

When the topic first came up on Slashdot a number of people seemed to think offering such incentives was a bad idea. Maybe the California legislature agreed with that reasoning, but if they've made any statements about why they did what they did i haven't heard about it.