Tesla Inc (NASDAQ:TSLA)’s factory in Nevada literally a gold mine

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By Martin Foley on October 3, 2014 Company

People of the high desert Nevada by this time must have noticed the humongous drilling machines and ongoing construction that spreads over a 165 square mile. The site is Tahoe Reno industrial center and the project is Tesla Inc (NASDAQ:TSLA)’s huge battery producing gigafactory. The site will be soon occupied by workers day and night to make the project see the light of the day as soon as possible. Tesla Inc (NASDAQ:TSLA)’s battery producing factory that is fueled by a 1 million dollar incentive program by the Government of Nevada will reportedly make Nevada a practical gold mine.

Lance Gilman, a Nevada based businessman said this project will make Nevada a power pumping and money producing land and this was a monumental moment in the history of Nevada. With the cluster of tax breaks ending for the entertainment business all around the state, now it’s the technology and electronics business which will help Nevada. The Tesla Inc (NASDAQ:TSLA) plant site will be inside the industrial park with a lake of recycled water to use for production, rail road tracks which are seven miles long and belong to Telsa only.

Roads which have already been planned by the state government and approved by every department. Fiber optic cable has been spread and laid all around the site and the location is near a transcontinental highway that spans from New York to San Francisco. Some unemployed workers are depending upon their past mining experiences in the state to get themselves a job in the Tesla Inc (NASDAQ:TSLA) factory as they believed that their experience would give them an edge over other people. People especially from the electronics background would be highly sought after at the Telsa factory.

The government has its own perspective. It sees this project as a pool of molten gold opening up right in the middle of Nevada. Nevada Government’s official states that not only will Nevada prosper from this project but this will ensure a secure future for the oncoming generations. People would be migrating here and hence there would be new houses built, grocery stores will have more sales to support the consumption of families living in Nevada. They would buy more products and supermarkets would be supplying and selling more clothes.

There was also talk amongst the government officials to start planning and building more schools as the influx of families would include a great many children as well. However, all this prosperity will start after two years, and families who are currently facing a crisis situation with regards to unemployment will have to figure out ways to sustain themselves till then. Tesla Inc (NASDAQ:TSLA) is banking upon this project which is said to be their biggest battery plant factory in the whole world equaling the battery production of all factories combined. Not only will Tesla Inc (NASDAQ:TSLA) be relieved of the cost of batteries going down, it will also power up manufacturing units that are produced per year.