It’s official: Tesla selects Nevada for its ‘Gigafactory’

Elon Musk, Chairman and CEO of Tesla Motors, announced today that the company has selected Nevada in which to locate its $5 billion battery Gigafactory. The company’s news release is here.

Why Nevada over California? Well, for a few insights about that question, see the Oakland Tribune editorial published today, “Tesla’s Reno deal is another example of California’s bad business climate.”

I’ve had the pleasure of working with representatives in Nevada — in the Governor’s Office of Economic Development and the Economic Development Authority of Western Nevada. These are some great people and I’m sure they’ve worked hard on this project. I presume they will participate in a well-deserved celebration tonight.

Joseph Vranich of Spectrum Location Solutions helps companies find great locations in which to grow. Joe also is a keynote speaker on the challenges and benefits of businesses relocating out of high-tax, high-cost, over-regulated states. More information is available at Biography and Speaking Availability.

Explore posts in the same categories: Site Selection