It’s official: Tesla selects Nevada for its ‘Gigafactory’

Elon Musk, Chairman and CEO of Tesla Motors, announced today that the company has selected Nevada in which to locate its $5 billion battery Gigafactory. The company’s news release is here.

Why Nevada over California? Well, for a few insights about that question, see the Oakland Tribune editorial published today, “Tesla’s Reno deal is another example of California’s bad business climate.”

I’ve had the pleasure of working with representatives in Nevada — in the Governor’s Office of Economic Development and the Economic Development Authority of Western Nevada. These are some great people and I’m sure they’ve worked hard on this project. I presume they will participate in a well-deserved celebration tonight.

One focus of this blog has been to address California’s perennially difficult business environment. Joseph Vranich is known as The Business Relocation Coach while the formal name of his business is Spectrum Location Solutions. Joe helps companies find great locations in which to grow.