Tesla Motors

Western Nevada College President Chester (Chet) Burton has announced that Friday, Aug. 18 will be his last day at WNC. Burton has accepted the position of Chief Financial Officer for the Nevada System of Higher Education.

This is the eighth column in a series presenting findings and conclusions of Nevada’s 2016 Popular Annual Financial Report (PAFR), posted at controller.nv.gov. Here, we address critical problems facing economic growth in Nevada.

Here is the 2017 State of the State presented by Nevada Gov. Brian Sandoval.

A generous donation by City National Bank on Thursday enables more students of Western Nevada College’s Applied Industrial Technology program to pursue industry certifications and enhance their professional careers.

City National Bank donated $3,000 to the Western Nevada College Foundation to fund 10 student scholarships.

Unprofitable companies often eventually go out of business. Tesla Motors is very unprofitable.

The electric-car maker scored a big win in 2014 when Gov. Brian Sandoval and Nevada lawmakers passed a $1.3 billion subsidy package to entice Tesla to build in Storey County a huge battery manufacturing facility that’s a key part of its business. The package also forgave sales taxes for 20 years, property and payroll taxes for ten years, and provided discounted electricity rates.

Western Nevada College students received a job placement boost in its Applied Industrial Technology lab this week — a Panasonic representative spoke of his interest in their skills and futures.

A new partnership between Western Nevada College and Panasonic Energy Corporation of North America can lead to job opportunities at the Gigafactory in Northern Nevada.

Those interested need to enroll in two advanced manufacturing training classes to acquire the knowledge and skills necessary for employment by Northern Nevada manufacturers such as Panasonic and Tesla Motors.

Northern Nevada JobConnect in conjunction with Panasonic Energy of North America will host a June 22 "by invitation only" hiring event for open positions in the Gigafactory.

Tesla Motors could be acquiring lithium closer to home after the company secured a supply deal from a location just a few hours away from its gigafactory site in Nevada.

Vancouver-based Pure Energy Minerals announced on Wednesday morning that it finalized an agreement with Tesla to potentially supply the company with lithium hydroxide for use in its batteries.

JB Straubel, co-founder and chief technical officer of Tesla Motors, will share an energizing overview of how advanced battery technologies and electric cars can pave the way toward energy independence and economic development, and how education and innovation plays a key role in reaching those goals.

Truckee Meadows Community College in Reno is becoming the first in Nevada to establish a new four-year degree in logistics to help meet anticipated demand for skilled workers at Tesla Motors and other high-tech compan...

Chase International has teamed up with Tesla Motors to provide an increasingly desirable amenity; Tesla Destination Charging at its Zephyr Cove, Lake Tahoe location. Tesla High Power Wall Connectors add 58 miles of range per hour to Model S, charging the vehicle overnight and replicating the convenience Tesla owners are accustomed to at home.

Earlier this year, Tesla Motors chose Northern Nevada for its battery factory in exchange for a huge incentives package. It's a bounty for communities there that, until recently, have seen years of slow economic recovery. Will Stone of Reno Public Radio reported for NPR's Morning Edition on the impact of this factory.

The deal bringing Tesla Motors to Northern Nevada has stirred up a storm of interest from manufacturers, businesses, developers and real estate speculators.

Seven days and six hours after he proposed giving the biggest tax break in Nevada history to Tesla Motors, Gov. Brian Sandoval signed the deal into law late Thursday night.

CARSON CITY — Tesla Motors Inc. has sent a letter to Gov. Brian Sandoval promising to give public schools in Nevada $37.5 million over five years.

The Nevada Legislature will be considering an unprecedented $1.3 billion tax incentive package for Tesla Motors this week. To focus attention on issues legislators should take into account while reviewing this proposal, the Guinn Center for Policy Priorities has released Development Incentives: A Guide for Nevada Legislators.

Even with its $1.3 billion in state tax incentives, Tesla Motors could generate $1.24 billion to $1.95 billion in new direct and indirect tax revenues in Nevada, over the next 20 years, according to a state-commissioned report released Tuesday.
The $1.9 billion impact includes Tesla's factory, its employees and the businesses that serve them.

The uploaded PDF file is a simplified analysis of the Tesla deal driven by Hennessey's previous opinion posting.

The plain news is that Tesla motors sealed a deal with Nevada to locate a major new plant in Reno. You'd think that would be good news, with major investment and thousands of permanent jobs for the area. People should be cheering. But it comes in exchange for major tax breaks. That’s the bad news. So, instead of cheering, some people are turning on the Governor and others. Some, like the Nevada Policy Research Institute (NPRI) are raising policy, legal and constitutional issues.

Tesla Motors has officially chosen Nevada as the location to build a $5 billion battery plant for its electric vehicle batteries.

“The gigafactory is an important step in advancing the cause of sustainable transportation and will enable the mass production of compelling electric vehicles for decades to come,” said CEO of Tesla Motors Elon Musk.

Here's the video of Thursday's press conference in Carson City announcing Tesla's plans to build a gigafactory in Storey County.

Tesla has been in negotiation for months with four other states including California, Texas, Arizona, and New Mexico. CEO Elon Musk announced in spring that two sites would start to be constructed before a final winner was declared.

In July, Tesla broke ground at the Reno Tahoe Industrial Center, but the company did not publicly commit to building in Nevada. The Silver State ultimately won the battle for the major economic development.