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Tesla reportedly selects Nevada to build massive $5 billion battery plant
Fox News ^ | September 3, 2014 | AP

Posted on 09/03/2014 3:35:34 PM PDT by jazusamo

RENO, Nev. – Tesla Motors has chosen Nevada as the site for a massive, $5 billion factory that will pump out batteries for a new generation of electric cars, a person familiar with the company's plans said Wednesday.

The person, who spoke on condition of anonymity because no official announcement had been made, said work would soon resume at an industrial park outside Reno.

Four other states -- California, Texas, Arizona and New Mexico -- were vying for the project and the estimated 6,500 jobs it will bring.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Nevada
KEYWORDS: batteryplant; efv; energy; nevada; reno; tesla
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To: nascarnation
This is 100% crony capitalism.

Yup no doubt about it. There isn't enough of a market to support it so you just know the taxpayer screw job is out there somewhere.
41 posted on 09/03/2014 4:28:50 PM PDT by cripplecreek ("Moderates" are lying manipulative bottom feeding scum.)
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To: MrsEmmaPeel

I test drove a Tesla, it’s really surprised me how well the car drove, the acceleration was quite impressive. Plus a full charge which goes around 300 miles costs only about 10 dollars in electricity.


42 posted on 09/03/2014 4:31:50 PM PDT by Truthsearcher
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To: Gen.Blather

you just left out that somewhere in that mix Reid’s son will make a hundred million or so...................later, in a Swiss bank, he will put half in an account for Dad...............


43 posted on 09/03/2014 4:32:44 PM PDT by Cen-Tejas (it's the debt bomb stupid!)
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To: wildbill
Yeah - those numbers don't seem to add up. Estimated 2014 deliveries are 21,000 cars. Reminds me of some of the restaurants in New Jersey that somehow managed to thrive, in spite of vacant parking lots except for the odd black limousine.
44 posted on 09/03/2014 4:36:18 PM PDT by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts 2013 is 1933 REBORN)
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To: MrsEmmaPeel

“They got a huge government loan, and paid it back in full. They can’t make Teslas fast enough. Right now, there is a 4 month waiting list for new orders.”

Successful scam artists always return your money with interest the first time. I haven’t seen any independent verification that the car is that wildly popular. How many, for example, are registered? (I don’t know how to find out.) But, given Solyandra (sp?) and the other battery scams that cost the taxpayers billions, I can’t believe that a five billion dollar plant that makes batteries for one make can pay for itself. They won’t, for example, sell 30,000/ year, which is a fairly paltry number. Volt sales rarely exceeded 2,200 in any given month. This is a specialty care with a niche market.


45 posted on 09/03/2014 4:36:33 PM PDT by Gen.Blather
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To: jazusamo

So much for California.


46 posted on 09/03/2014 4:37:08 PM PDT by tennmountainman (True conservatives don't like being rained on by their own party!)
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To: jazusamo

Lots of wailing and gnashing of teeth in the New Mexico media over this.


47 posted on 09/03/2014 4:37:49 PM PDT by SpaceBar
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To: jazusamo
Where is the battery industry's Moore?

(Yah, I know....)

48 posted on 09/03/2014 4:39:06 PM PDT by Paladin2
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To: jazusamo

How much are they getting in subsidies?


49 posted on 09/03/2014 4:40:22 PM PDT by tacticalogic
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To: jimjohn

“Reno would be Washoe County. Bundy is in Clark County - quite a ways apart from each other”

That is about 300-400 miles apart or more, isn’t it?


50 posted on 09/03/2014 4:41:08 PM PDT by truth_seeker
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To: txrefugee

On the radio today (KFBK, Sacramento) it was announced that Tesla already owns the property it intends to build on....it further reported that the property was in the process of being cleared/graded in preparation for construction.


51 posted on 09/03/2014 4:42:25 PM PDT by Forty-Niner (The barely bare, berry bear formally known as Ursus Arctos Horribilis....,I')
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To: jazusamo

I thought Nevada had an energy shortage and needed all their rangeland for solar panels to meet the crisis. Is there not such a desperate need for solar farms after all?


52 posted on 09/03/2014 4:43:54 PM PDT by blueplum
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To: Gen.Blather
A ten gallon gas tank full of fuel weighs about 85 pounds and takes about three cubic feet of space, depending on shape. Ten gallons of gas will take a four door sedan the size of a Tesla 300 miles. It can be filled in 5 minutes anywhere. That is what a battery has to do to compete.

We have been waiting for decades for the miracle battery. All Tesla's engineers and all the taxpayers dollars cannot change the laws of chemical reactions. But it will be profitable. For those who made the correct donations.

53 posted on 09/03/2014 4:45:59 PM PDT by SpeakerToAnimals (I hope to earn a name in battle)
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To: 21twelve

According to the radio host, the bids from the states were also supposed to start with $500,000,000 cash up front and at least a 10 year tax holiday.

Of course, state development departments gobble this stuff up and the big giveaways are usually there.

But does anyone ever factor in that this is a new technology with an unproven car. Sure it looks nice but are we looking at the next Solyndra in the Nevada desert?


54 posted on 09/03/2014 4:46:16 PM PDT by wildbill (If you check behind the shower curtain for a murderer, and find one... what's your plan?)
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To: tacticalogic

That’s an excellent question and I don’t know the answer.

Various tax incentives have to be involved and I’d guess outright subsidies are also.


55 posted on 09/03/2014 4:49:19 PM PDT by jazusamo (Sometimes I think that this is an era when sanity has become controversial: Thomas Sowell)
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To: blueplum

:-) It seems so.


56 posted on 09/03/2014 4:50:25 PM PDT by jazusamo (Sometimes I think that this is an era when sanity has become controversial: Thomas Sowell)
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To: alloysteel

“Why do you think the push was on to drive Clive Bundy off the range land he was on? The backdoor deal was for the Tesla plant to locate just about where Bundy had been running his cattle.”

That’s pure nonsense!! Musk will build the plant near Reno. Las Vegas isn’t close to his mfg. plant in Fremont, and Northern Nevada doesn’t have the pressing energy and water problems that are facing LV. Besides, why would he want to hire a bunch of out-of-work Mexican maids and kitchen help?
BTW have you ever been to Bunkerville, NV. There is absolutely nothing there, and it’s 80 miles from LV. Reno can house 6500 workers, Bunkerville can’t.


57 posted on 09/03/2014 4:51:37 PM PDT by vette6387
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To: txrefugee

how much water will this plant and its employees consume?


58 posted on 09/03/2014 4:52:36 PM PDT by pointsal
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To: jazusamo
Various tax incentives have to be involved and I’d guess outright subsidies are also.

They got millions in subsidies in CA they weren't entitled to over that "battery swap" scam.

59 posted on 09/03/2014 4:54:37 PM PDT by tacticalogic
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To: tacticalogic
They got millions in subsidies in CA they weren't entitled to over that "battery swap" scam.

Absolutely and that was an out and out scam. We'll never see that Musk scam come to fruition, he dropped it like a hot potato. I believe it won't be his last scam either.

60 posted on 09/03/2014 4:58:32 PM PDT by jazusamo (Sometimes I think that this is an era when sanity has become controversial: Thomas Sowell)
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