tag:blogger.com,1999:blog-30940686.post3200093626470652215..comments2024-02-11T22:49:17.311-08:00Comments on Arizona Geology: Did lithium mines seal the deal for Tesla battery factory going to Nevada?Lee Allisonhttp://www.blogger.com/profile/11520300956249160005noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-30940686.post-62460940014072870162014-09-05T19:22:36.769-07:002014-09-05T19:22:36.769-07:00Nevada has no world class lithium deposits. Silver...Nevada has no world class lithium deposits. Silver Peak is mediocre and others like Western Lithium are Jr Mining stock promotion plays. Choosing Nevada had nothing to do with lithium.jplbloghttps://www.blogger.com/profile/14870187945966453355noreply@blogger.comtag:blogger.com,1999:blog-30940686.post-58099779013750590182014-09-05T15:44:36.477-07:002014-09-05T15:44:36.477-07:00Thanks - good information. Sounds like this deci...Thanks - good information. Sounds like this decision is going to be parsed and analyzed in more ways because of the scale of breaks being offered.Lee Allisonhttps://www.blogger.com/profile/11520300956249160005noreply@blogger.comtag:blogger.com,1999:blog-30940686.post-27597316414450897092014-09-05T15:07:53.784-07:002014-09-05T15:07:53.784-07:00Lee
Here is the real reason Tesla choose Nevada an...Lee<br />Here is the real reason Tesla choose Nevada and it's not because of all the high profile mining opposition groups.<br /><br /><br />Nevada wins Tesla gigafactory, but at what cost?<br /><br />In choosing Nevada for its $5 billion gigafactory, Tesla Motors apparently did not check CNBC's 2014 rankings of America's Top States for Business. If company officials had, they would have found a state that finished 29th overall, with the second worst education system in the country (behind neighboring Arizona). <br /><br />But Tesla had other priorities, including a generous incentive package from the winning state. Nevada delivered that—and then some.<br /><br />In July, company co-founder Elon Musk said he expected $500 million in assistance from the state where the battery plant would be located. Nevada more than doubled that—$1.25 billion over 20 years, including a near total tax break for the first decade. One watchdog group that tracks state subsidies to business says it is the latest step in a race to the bottom, with states spending big money for trophy deals.<br /><br /> But Republican Gov. Brian Sandoval said the long-term benefits to Nevada far outweigh the cost of nearly $200,000 per job. <br /><br /> <br /><br />Anonymousnoreply@blogger.com