Tesla’s ‘Gigafactory’ sets off 4state bidding war

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Tesla s Gigafactory sets off bidding war

The electric vehicle says its new plant dubbed could produce more in one year than the industry last year. Fred reports. Video provided by Newslook

With up to 6,500 in the balance, states are expected to hard to close the deal.

Highlights

Tesla s announcement it will build a 6,500-job plant sets off a bidding war The states it has designated as finalists to pile on freebies to close the Will taxpayers accept cost of incentives?

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Tesla Motors has set off a bidding war four states wrangling to the site of the electric car maker’s giant battery plant.

the company’s high-tech sheen, investment of $4 billion to $5 billion and 6,500 direct jobs, Gigafactory, as the company calls it, is one of the economic development plums on the


It is probably the most attractive out there right now for any state, Dennis Cuneo, a former senior vice president who now for automakers seeking new sites.

In some details about the late last week, the electric carmaker named Arizona, New Mexico and Texas as Economic development officials, nonstop talkers in boasting their states, were about discussing possible after Tesla singled out.​

The four apparently chosen as finalists in part they have climate and suited for Tesla’s plan to the factory largely with a farm of solar panels and turbines. The plant will up to 1,000 acres, or close to 2 miles, according to Tesla.

The is intended to make lithium-ion on a scale that will down their costs That is key for Tesla’s plan to a mainstream electric car for the mass To do so profitably will require lower costs for battery

The plant is planned to have the to make batteries for up to 500,000 a year plus supply users, such as SolarCity, plans to make emergency storage units. Tesla CEO Musk also is chairman of

For now, though, Musk intent on driving a hard Disclosing the names of the four in contention apparently is aimed at the best possible deal one. With the pizzazz of billionaire Musk and a connection to electric cars, incentives laid out by states could new heights — including $200 to $400 million for site and worker job training, and $300 to $600 million in tax breaks, estimates.

Marketing considerations figure in the choice, too. has mounted an aggressive effort to win from state franchise to sell cars directly to the rather than through dealers. Texas rebuffed the effort there last

As part of a winning deal, might demand the state its laws to take dealer out of the equation.

Also, sales of current product, the Model S sedan, 6,892 in the fourth of 2013, have been in wealthy, mostly liberal on the East and West coasts. Texas or Arizona for the plant help Tesla break in a red state market.

Elon Musk, CEO of Tesla, a new Model S car at the Tesla Fremont (Photo: Jessica Brandi for USA TODAY)

In an era when state and budgets are tight, huge for Tesla could provoke Also, the success record for plants and other alternative ventures has been mixed. But the of 6,500 jobs is a powerful and winning one such project can be into others.

Alabama, for offered incentives to attract a plant in Vance, and the state now has plants for Hyundai, Honda and

Here’s how the four states up:

• Nevada . The Silver State is to Tesla’s electric car manufacturing in Fremont, Calif. south of San The Reno Gazette-Journal reports a site at the Reno-Stead Airport is consideration.

Tesla is an exceptional and we are honored to be included in their of finalists, said Steve director of the Governor’s Office of Development. Our office has been with the regional development and local governments to highlight Nevada offers: a skilled responsive workforce development and programs, exceptional quality of great schools, low operating and a commitment. to provide the climate for innovative businesses to thrive.

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• Arizona . Like Nevada, the offers stretches of desert would be perfect for Tesla’s and solar farm. But beyond the state’s fiscal conservatives not be as interested in a big package of taxpayer-funded State economic officials did not to requests for comment.

• New Mexico. has some familiarity here. it settled on manufacturing in the former General Motors and Toyota in California, it had planned to make its in New Mexico.

The state’s officials would love to land a

Gov. Susana Martinez, and local leaders greatly Tesla. We are believers in the company’s and philosophy, says Jon Barela, of the New Mexico Economic Development in a statement. This is an incredible that is changing the world for the

We are ecstatic that New Mexico is a for this phenomenal project.

• The Lone Star State is the most interesting choice. It has Toyota and General Motors plants, a diversified economy and is to the huge automotive manufacturing in Mexico.

Plus, Gov. Perry has aggressively sought out new

Lucy Nashed, a spokeswoman for office, wouldn’t address plant directly, but talked up low taxes and skilled workforce is ready to fill any employers’

Interestingly, Tesla is rolling out its battery plan at a time the auto industry is swimming in capacity. The Energy Department millions in loans at the start of the administration to companies to expand production, aiming to make the a world leader in electric-car Electric car sales have but hardly are on fire, so much of capacity is idle.

We have battery plants all over says Sean McAlinden, economist for the Center for Automotive in Ann Arbor, Mich.

But Tesla uses a different of battery design. And few want to bet Musk, having made out so far out of electric cars, solar and rocket-launching companies (he also is CEO of which is sending missions to the Space Station).

If Musk his way, he will also be a tycoon. And he is about to pick a to help him earn that

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