Tesla Gigafactory in Nevada: But Wait, There’s More!

According to Automotive News, deep in the bowels of the list of agreed-upon exemptions in Tesla’s Nevada Gigafactory deal, final verbiage was included that implied acceptance of a direct-sale transaction waiver for Tesla as well, in contrary to other legal challenges that stand against the concept; with the latest lawsuit coming from the State of Georgia.

According to Nevada Franchised Auto Dealers Association (NFADA) Executive Director Wayne Frediani, the direct-sales exemption will probably have “very little impact” on local and regional dealers since he suggested,

“…our entire state will benefit from (the Tesla deal). It’s the largest project northern Nevada has ever seen…(and) new people coming into town (to work at the Tesla plant) are going to buy up cars and trucks from my auto dealers…(while) they’re probably not going to buy up Teslas at $100,000 a copy.”

Frediani’s plain-spoken take on the situation was supported by other verbal giddiness that spread across the state and city from Nevada Governor Brian Sandoval’s overwrought, “We made history today,” to ballistic local politicians including Reno-Sparks Nevada Assemblyman Ira Hansen, “This is arguably the biggest thing that has happened in Nevada since at least the Hoover Dam.”

Nevertheless, as previously mentioned, the initiation of the Tesla development will immediately add a minimum of 6,500 new jobs to the local economy, while affiliate commercial values are likely to spike upwards as well.

This event will, in turn, lead to the creation of further millions from in-direct city/state revenue activity, thereby, beginning to help the state start its long dig out of an economic position that currently stands as the third worst unemployment standing nationally.

Recent Articles

Cars of the Future: Promising Alternative Energy Sources

Eco-conscious drivers and scientists are looking for cleaner ways to power their cars. Here are some of the most promising alternative energy sources for the automotive industry

ABB and Volvo Electrifying Public Transportation in Gothenburg

Volvo and ABB are set to introduce eco-friendly electric buses in the streets of Gothenburg, Partille, and Molndal in 2020.

Electric batteries: the future of transportation

How do we tackle climate change and global warming? One way could be adopting newer technologies especially in one major area: Transportation. Here's a look at some of the best electric battery technologies.

Electric Vehicle Start-Up Faraday Future Receives $2B in Funding

Towards the end of last year, Faraday Future was said to have secured some fresh source of funding. The electric car start-up has now confirmed receipt of $2 billion to aid in the construction of its first EV by the end of the year.

Hyundai Will Use “Second Life” EV Batteries to Store Energy

Hyundai is partnering with Wärtsilä, a Finnish energy storage firm, to make use of the so-called second life electric car batteries for stationary energy storage.

Related Stories



Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox