Tesla Motors Inc (TSLA) Battery Plant: Reno, NV Mayor Bob Cashell on Beating San Antonio, TX


Tesla Motors Inc (NASDAQ:TSLA) is going to build their battery plant in The Biggest Little City in the World, Reno, Nevada Mayor Bob Cashell confidently told CNBC in a recent discussion.

The comment comes as the Nevada city is battling it out with San Antonio, Texas to become the host of a new Tesla Motors Inc (NASDAQ:TSLA) battery facility.

Asked how the mayor plans to beat San Antonio and attract the building of the new facility, he initially said in jest that he has to feel sorry for the city because he grew up in Texas. However, he added, “but we’re going to beat them. It’s going to be great for our economy. Rick Perry [Governor of Texas] just needs to understand that we’re going to win.”

He explained that he and Nevada Governor Brian Sandoval are already meeting with Tesla Motors Inc (NASDAQ:TSLA) to help them create programs that tackle, among other things, taxes.

Tesla Motors, Elon Musk, Bob Cashell, Is Tesla A Good Stock To Buy, Reno Nevada, San Antonio Texas,

Cashell was then asked if he feels a little bit annoyed with Elon Musk because the CEO is basically gaining free publicity in addition to the incentives being offered to his company by delaying the announcement of the winning city until the end of the year. The mayor just said that this is Musk’s part in the negotiations. He jokingly added that if the company is going to pick Reno, he will buy one of their vehicles.

As for the impact of the new Tesla Motors Inc (NASDAQ:TSLA) facility to the economy of Reno, Cashell said that it’s going to be “real big”. The new battery plant will bring jobs, he said, as well as new investments, companies and diversification.

Watch the video below where the mayor also talked about how the economy of his city is doing.

Shareholders in Tesla Motors Inc (NASDAQ:TSLA) includes Roberto Mignone’s Bridger Management which divulged it had 300,000 shares in the company at the end of the first quarter. According to Cliff Asness’ Aqr Capital Management, they also had 271,606 shares with a value of about $56.62 million by the end of March.

Disclosure: None

Suggested Reading:

Top 10 Things to Do in Tokyo, the Greatest City in the World

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef