Sandoval, Musk Announce Tesla Gigafactory To Be Built In Nevada
September 5th, 2014 4:56 AM Share
It’s official: Tesla will build its Gigafactory in Nevada pending legislative approval.
KOLO-TV reports the battery factory will bring its 6,500 jobs to Reno, along with $100 billion dollars and up to 22,000 jobs over the next two decades.
In turn, Governor Brian Sandoval will ask the state for $1.3 billion in tax breaks and incentives at a special legislative session next Wednesday at the earliest. The package is meant to last for 20 years.
#Announcements #BrianSandoval #Gigafactory #Nevada #Reno #TaxIncentives #Tesla
Published September 5th, 2014 10:00 AM
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Bad deal for NV taxpayers. $1.3 billion for a return of $865 million is the best case scenario per the NV comptroller. When it fails NV gets stuck with an EPA toxic waste site. Taxpayers are tired of subsidizing billionaires so millionaires can buy toys.
Does anyone think this deal was done crony capitalism free? Crony capitalism being government and business in the same bed, why does Telsa need $6B in tax breaks?
It seems quite a considerable amount of lithium comes out of Australia, approx. 34.7% of global supply which is good for us. It would be more advantageous if we could actually make the batteries. Lithium use is quite competitive and it's biggest use in in the glass and ceramics industry. Only 18% of the lithium market is for batteries according to the link below, a lot less than I would have thought. With it's use so competitive and the cost of the mineral relatively high, we will hopefully find ways to reduce the cost of recovery of this great metal. http://www.globalstrategicmetalsnl.com/_content/documents/405.pdf World Resources According to estimates by the United States Geological Survey (USGS), which have been modified by Geoscience Australia for Australia’s resources, world lithium resources in 2012 totalled about 13 538 kt. The resource data does not include Canada. Chile holds approximately 7500 kt, or about 56% of the total world resources, followed by China with 3500 kt (about 26%), Australia with 1538 kt (11.4%), and Argentina with 850 kt (6.3%). Lithium resources occur in two distinct categories, lithium minerals and lithium-rich brines. Canada, China and Australia have significant resources of lithium minerals, while lithium brine is produced predominantly in Chile, followed by Argentina, China and the USA. Lithium brines are the dominant feedstock for lithium carbonate production. All Australia’s current resources and production are from lithium minerals. World production in 2012 was estimated by the USGS to be 37 kt of contained lithium, excluding the USA production for commercial reasons. Chile produced about 13 kt (35.4%) to remain the world’s largest producer in 2012 followed closely by Australia (34.6%), China (16.4%) and Argentina (7.4%).Top Industry Developments
Smart on their part going to a right to work state. I have a new negative opinion of unions after getting a job in the rail industry. I finally see why everyone hates unions.