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Tesla to Expand Nevada Factory

Tesla, run by billionaire CEO Elon Musk, intends to produce high volumes of semitrucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada. They will be investing over $3.6 billion more to continue growing Gigafactory Nevada, adding 3,000 new team members and two new factories: a 100 GWh 4680 cell factory (with capacity to produce enough batteries for 1.5 million light duty vehicles annually), as well as the first high-volume Semi factory.  The details of any potential tax breaks for Tesla’s $3.6 billion expansion of its Nevada factory will remain secret until late February, under a nondisclosure agreement that state officials signed with the electric carmaker

Why did Tesla choose to build its Gigafactory in Nevada. States without sales tax were topping the list of preferred sites. Nevada estimates a tax base of $1.9 billion over 20 years. After sticky negotiations, Tesla chose the TRIC as the location of the Gigafactory mainly due to speed and a State of Nevada incentive packages.  

The factory which is located less than an hour from Lake Tahoe, Gigafactory Nevada is one of the world’s highest volume plants for electric motors, energy storage products, vehicle powertrains and batteries—producing billions of cells per year. Why is it called a Gigafactory? The word gigafactory comes from the notion of gigawatt, or one billion watts.  And one billion watts is enough energy to power 700,000 homes for an entire year! So technically speaking, a gigafactory is a battery factory capable of producing more than 1 gigawatt (GW) of continuous power per year. Will the gigafactory be solar powered?  Musk tweeted Tuesday that the company expects the factory to eventually be “almost entirely solar-powered.”

Is Nevada rich in Lithium? In northern Nevada, a place called Peehee Mu’huh – or Thacker Pass -is sacred indigenous land and also potentially the largest deposit of lithium in the US. The largest producer of lithium in Nevada is a company called Albemarle.  Albemarle operates the only active lithium mine in the U.S., located in Silver Peak, Nevada.  One has to ask if the mining of lithium is harmful? According to a report by Friends of the Earth (FoE), lithium extraction inevitably harms the soil and causes air contamination. As demand rises, the mining impacts are “increasingly affecting communities where this harmful extraction takes place, jeopardizing their access to water,” says the report.

Finally, which Sate has the most Tesla’s dealerships?  California has 62 (28%) with a population of 39.51 Million people. Texas is 2nd with 23(10%) with a population of 29.00 Million.

Texas 23 (10%) 29.00M

 

Louise Simpson

Greetings, I was born in South Africa, and moved to Nevada over 30 years ago. I have resided in the Reno area for the past 25 years, living the past 20 years in Galena Forest Estates, much of it with my three lovely sons. I have been involved with the Montrêux Real Estate Group since its inception in the early 90's, and was previously the marketing director of the Montrêux Development Group the past eight years. Having known the area for so long, and believing I could help share the Montrêux area with others, I chose to begin selling homes with Dickson Realty, the broker of record at Montreux and one of the most professional real estate companies in the greater Reno, Nevada area. I am happy were I am and would love to help you find a quality, yet affordable home or piece of real estate in Reno or the Montrêux area. Reno living, with its outdoor lifestyle, fresh air, proximity to Lake Tahoe and the Sierras, not to mention Nevada's tax friendly attitude to businesses, make the area one of the best-kept secrets in the United States. Additionally, Montrêux has spared nothing in its goal to make it the best place to live in town, since quality of life usually takes precedence over everything else. Please feel free to contact me for a relaxed, no-pressure meeting if you are interested in buying or selling a home in the Reno, Nevada area. I look forward to meeting anyone interested in real estate opportunities, even if you're uncertain about buying a home. I will listen to your needs and work diligently to find you a home, or steer you in the right home-buying direction otherwise. Please call or email me if you have any questions - I really believe I can make a difference in your search for finding or selling a home. Ms. Louise Natalie Simpson P.S. If you'd like to see a video about Montreux, please see the following clips: YouTube

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