Tesla Motors Inc Alleged Gigafactory Site In Nevada: Work Halted

Tesla Motors Inc Alleged Gigafactory Site In Nevada: Work Halted
Blomst / Pixabay

Tesla Motors Inc (NASDAQ:TSLA)’s gigafactory has been the talk of Wall Street and the auto industry. Investors have been focused on trying to figure out where the automaker will build the massive battery making facility. There was speculation that work on a site in Storey County, Nevada was for Tesla, but apparently that work has stopped.

Work stops on alleged gigafactory site

The Reno Gazette-Journal reports that workers are no longer clearing a site located in the Tahoe-Reno Industrial Center. The newspaper said work there had been going on for about three weeks as construction teams cleared the land. A developer reportedly said that construction workers moved over 3 million cubic yards of dirt. He added that it’s possible the work has simply reached a transition between phases and that it’s possible the work will start up again next week. He also said that the pad is about 85% finished.

WSJ Techlive: Greylock’s Sarah Guo On Tech Investments

TechnologyThe technology industry has long been on the receiving end of billions of dollars in capital, but what's next for the industry? Greylock General Partner Sarah Guo joined Wall Street Journal reporter Zoe Thomas to talk about the future of tech investment. Q3 2021 hedge fund letters, conferences and more Seed Funding Thomas asked Guo Read More

According to the report from the Reno Gazette-Journal, whoever was developing the site laid off workers and either indefinitely or temporarily closed it. The site is located east of the town of Sparks, Nev., and officials have refused to talk about Tesla Motors Inc (NASDAQ:TSLA)’s potential plans or the plans for the site, which is codenamed “Project Tiger,” according to a a sign at the site.

Tesla Motors has remained tight-lipped about its plans, as multiple states have been in the running to attract the gigafactory. The automaker did say it would begin work at two locations to ensure that the factory would be ready in time to begin work on the Generation III mass market vehicle. Tesla also said the massive facility will create 6,500 new jobs and be 10 million square feet in size, so competition has been hot and heavy.

Where will Tesla build?

Meanwhile speculation about exactly where Tesla Motors will build continues. The automaker is apparently considering a site in Dallas, Tex. The other states that are in the running, in addition to Texas and Nevada, include Arizona and New Mexico. California also continues to hold out hope in attracting Tesla Motors Inc (NASDAQ:TSLA)’s second U.S. factory.

The Daily Business Journal has reported that its sources say Tesla is considering a site that’s 700 acres in size off Interstate 45 in Dallas County.

Updated on

No posts to display