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  1. #22
    Join Date
    May 2009
    Posts
    3,501

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    Quote Originally Posted by BankruptcyGuy View Post
    The existing gigafactory for battery construction has been a well-documented taxpayer boondoggle.

    http://www.wsj.com/articles/nevada-g...ked-1410821915
    I have 'mixed feelings' about this.

    Yes, a classic case of 'Corporate welfare'. Economically makes no sense for Nevada. They got ripped off, unless the [[NV) governor is smarter than we think. Maybe some day Tesla electric cars will be built in Nevada???

    That said, the 'public policy' [[big picture, macro) is that it will encourage development/manufacturing of the much, much needed batteries which, as described in this thread, are necessary for solar [[and electric cars) to take off.

    So: Musk robs Nevada blind but the other 49 states are big winners [[or something like that) as they reap the fruits of Tesla's battery development/manufacturing efforts in NV. As widely discussed, cheap/high capacity batteries will drive this industry [[along with more efficient solar cells).
    Last edited by emu steve; May-16-15 at 09:48 AM.

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