Friday, March 7, 2014

Like Intel, Tesla Has No Plans To Build Manufacturing Facilities in California, Ever Again (TSLA)

As we've pointed out over the years, Intel has publicly stated they will never again build a manufacturing plant in California (Arizona says thanks for the new $5Billon plant), Google and Microsoft will not pay California utility rates when they build server farms, the entire aerospace industry has adiosed, and on and on and on.
From the Los Angeles Times:

California positively gets a negative from Tesla on battery factory
Tesla has already ruled out California for the plant costing as much as $5 billion and employing 6,500 workers. Arizona, Nevada, New Mexico and Texas are in the running. 
California loves Tesla Motors.

The Palo Alto electric car maker's Model S sedan is the state's new eco-luxury status symbol. Californians bought more than a third of Teslas sold globally last year. Residents of the state pack the order list for Tesla's next offering, a sport utility vehicle.

California pollution-control policies enable Tesla to rake in tens of millions of dollars each year from selling environmental credits to other automakers — a key source of Tesla's revenue.
But is this a case of unrequited love? When it comes to building a $4-billion to $5-billion battery factory that will employ 6,500 workers, Tesla is shunning the Golden State.

The automaker is looking at 500- to 1,000-acre sites in Arizona, Nevada, New Mexico and Texas. Although the location hasn't been determined, Tesla has crossed California off the list. The company declined to comment on the reasons.

State officials aren't saying much either. A spokesman in Gov. Jerry Brown's administration said the state presented a proposal to the automaker with several possible sites, but that the automaker didn't bite.
Brown's office provided no other details.

"The Governor's Office of Business and Economic Development maintains a strong partnership with Tesla and continues to work with them on future opportunities in California," the office said in a statement....MORE
Of course they'll tell you the lack of plans may change but just you watch.