Tesla might move factory to NV (Las Vegas: to buy, bankrupt, good schools)

[Cold Warrior]

Elon Musk ✔ @elonmusk

· 44m


Replying to @GerberKawasaki @thirdrowtesla
Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant “Interim Health Officer” of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!

Elon Musk ✔ @elonmusk


Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependen on how Tesla is treated in the future. Tesla is the last carmaker left in CA.

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9:44 AM - May 9, 2020
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[jdhpa]

I would be very surprised if Tesla is the only company that relocates based on how states / local governments responded to covid-19.

[Tall Traveler]

Originally Posted by jdhpa

I would be very surprised if Tesla is the only company that relocates based on how states / local governments responded to covid-19.

Yep. There is a lot of unhappiness here in Washington state with how the state has Ordered us to not work...people are starving and the politicians don't care.

Good for Tesla. I'm pissed that my Model Y ordered has been delayed by Alameda County.

[ChrisMT]

Hmmm, maybe why our governor opened up earlier than other authoritarian Dem governors, even though he was talking the indefinite closure talk...casino and big business pressure...our previous Republican governors did everything they could to lure the businesses here and transformed Nevada's economy, it is a huge part of our tax base and workforce structure.

Tesla was a big score for Nevada. Honestly, I would be surprised if Musk picked Nevada with the state being 'blue' now. Blue states are not friendly to business in the end and Musk has been outspoken against the blue governors tendency to want to use this crises to go all authoritarian on everyone. So my guess is he will choose Texas if he moves the auto manufacturing facility.

Also, lay-off rumors for city, state, and casino union workforce. If you bankrupt Nevada with the closures, everyone loses.

[Clarkcty]

Originally Posted by ChrisMT

...our previous Republican governors did everything they could to lure the businesses here and transformed Nevada's economy, it is a huge part of our tax base and workforce structure.

Yeah Sandoval and the rest of them giving tax breaks after tax breaks after tax breaks after tax breaks after.......

[lvmensch]

The case for Nevada is not all that bad. People suggest Austin as an alternative. But Austin is vastly more hard core blue than Las Vegas. And even Dallas is more blue than LV. So the obvious locations in TX would actually be worse on that criteria than Las Vegas.

As to hiring engineers, mbas etc. One does not hire such locally. In my day I hired a few hundred, even including my boss a couple of times. That was mostly in Rochester NY and I don't think we ever hired anyone locally. Same thing would happen in Las Vegas though I think you have a very happy hunting ground in LA and SF.

As to K-12 education how do you all think Las Vegas compares to Los Angeles? And Meadows would be up there with the good schools in Los Angeles for those who have $10,000 a year in tuition.

[Hal Roach]

The best k-12 in Vegas would beat the best in Fremont, and the worst would beat the worst. The better sports programs would compare favorably, too.

[ChrisMT]

Originally Posted by Clarkcty

Yeah Sandoval and the rest of them giving tax breaks after tax breaks after tax breaks after tax breaks after.......

Yes, to diversify Nevada's economy so we would not be dependent on gaming and mining so much.

Companies provide jobs and pay taxes and wages.

Nevada can keep our personal taxes lower in these ways.

People may not be aware that state governments often times 'bid' on companies relocating to their state. It is extremely competitive and packages are offered. If a state does not offer competitive incentives, the company will relocate elsewhere.

It is not just tax breaks that are offered, it can be abatement and other incentives. Also, the companies have to meet benchmarks in the agreement such as: A certain average wage for employees, so many local employees hired as a percentage, and more.

Tesla agreed to buy Nevada lithium to produce their batteries as part of their package and agreement. It has not been fulfilled because Nevada did not have a productive lithium mine..but that is changing.

For more information: https://www.leg.state.nv.us/NRS/NRS-274.html
and here are more specifics about what Tesla received to build here: https://www.diversifynevada.com/about/state-plan/

Lots of information on economic development in Nevada on that website, this was a big project of prior administrations (notably Gov Sandoval).

[Clarkcty]

Originally Posted by ChrisMT

Yes, to diversify Nevada's economy so we would not be dependent on gaming and mining so much.

Companies provide jobs and pay taxes and wages.

Nevada can keep our personal taxes lower in these ways.

People may not be aware that state governments often times 'bid' on companies relocating to their state. It is extremely competitive and packages are offered. If a state does not offer competitive incentives, the company will relocate elsewhere.

It is not just tax breaks that are offered, it can be abatement and other incentives. Also, the companies have to meet benchmarks in the agreement such as: A certain average wage for employees, so many local employees hired as a percentage, and more.

Tesla agreed to buy Nevada lithium to produce their batteries as part of their package and agreement. It has not been fulfilled because Nevada did not have a productive lithium mine..but that is changing.

For more information: https://www.leg.state.nv.us/NRS/NRS-274.html
and here are more specifics about what Tesla received to build here: https://www.diversifynevada.com/about/state-plan/

Lots of information on economic development in Nevada on that website, this was a big project of prior administrations (notably Gov Sandoval).

You better hope the nearly $1.3 Billion tax break was worth it. Tesla invested nearly $5Billion through capital investments, building, equipment, land so basically they own it not Nevada. Those Tesla employees better generate enough tax revenue for the state to counter the $1.3 Billion given to Tesla.

[ChrisMT]

You can encourage businesses to move here for a diversified economy, jobs and tax base or you can institute income tax, raise property taxes, fuel taxes etc etc. Gaming cannot carry Nevada any longer and what kind of jobs do casinos provide?

Tesla received too many concessions, I agree. But having them here put Nevada on the map in so many different ways as the infrastructure is developed. Aerospace, manufacturing these companies travel together in many ways. We look to the future, we make it happen.

For instance Faraday Future (did not carry through) agreed to develop roads, utilities and other infrastructure as part of their package in N Las Vegas. It’s all interconnected.