New Tesla & Panasonic Factory To Bring Billions To Nevadans Winning Bid
I would not say Californians environmental laws are too strict, with some exceptions, but I can attest to the fact they are unnecessarily expensive. For example in certain manufacturing circumstances, the standards for storm water drainage are more strict than drinking water standards. it would be illegal to dump faucet water down the storm drain. Or deionzed water must not go down the storm drain. That is the most pure water a person can ordinarily even purchase.
Permit applications-Essentially it’s a guilty until proven innocent policy process.
Nevada Gov. Brian Sandoval says the agreement, announced Thursday, is worth every penny and will bring his state $100 billion in economic activity over two decades.
Tesla and its partner Panasonic plan to spend about $5 billion on the factory, which will be built in Sparks, Nev., about five miles east of Reno. Tesla says the plant could slash battery costs by 30% through manufacturing efficiencies. It currently buys batteries from Panasonic.
The automaker needs the savings to launch its Model 3, a “mass market” sedan that will sell for around $40,000, or about half the cost of its current Model S sedan. The first batteries would roll off the line in about three years.
California, where Tesla manufactures its high-end electric cars — and sells a huge percentage of them — made its own pitch to win the factory. A key part of the proposal, however, became bogged down when some lawmakers resisted Tesla’s desire for a waiver of state environmental reviews. California also was prepared to offer Tesla about $500 million in mainly corporate income tax credits. Moreover, lawmakers passed a bill that allowed local governments to rebate property tax to companies making batteries and related electrical equipment.
