Tesla Motors Inc (TSLA) Economic Multiplier Will Revolutionize Nevada: John Solari


Tesla Motors Inc (NASDAQ:TSLA) battery plant is coming to Northern Nevada along with economic development and jobs. In an article on RGJ, John Solari said that Tesla Motors Inc (NASDAQ:TSLA) will bring around 6,500 jobs and 8,000 indirect jobs for the area. Solar used the term “economic multiplier’ for the effects of the economic growth that will culminate after the launch of Tesla battery. The governor of Nevada has said that Tesla Motors Inc (NASDAQ:TSLA) factory will open the new horizons of economy, growth and education in the area.

Solari said that Tesla Motors Inc (NASDAQ:TSLA) is not only focusing on electric cars, rather the company is showing a keen interest in the solar industry. Tesla Motors Inc (NASDAQ:TSLA)  is interested to craft out ways which will help users to charge their cars from Sun. Tesla Motors Inc (NASDAQ:TSLA) is also working on home automation systems and batteries that could cut the energy costs of the general public. It has made a deal with SolarCity Company recently.

Solari thinks that out of all the calculated economic benefits of $5 billion Gigafactory, people are not inculcating the benefits of the construction industry. Nevada’s construction industry has seen a decline in the recent years. Tesla Motors Inc (NASDAQ:TSLA) factory will create no less than 3,600 construction jobs and a construction payroll of $450 million. Tesla Motors Inc (NASDAQ:TSLA)  gigafactory will encompass hundreds of small and large construction projects. Local labor will get huge benefits and the industry will grow.

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Tesla Motors Inc (NASDAQ:TSLA)  factory created a lot of stir in the public at start but now everyone is happy and looking forward to the economic benefits, jobs and industry growth that will come with Tesla Giga factory by 2018.

Daniel Benton’s Andor Capital Management is one of the shareholders of Tesla Motors Inc (NASDAQ:TSLA), having around 1.25 million shares of the company.

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