Tesla announces $3.6 billion investment in electric semi-truck manufacturing in Sparks | Carson City Nevada News

Tesla plans to invest $3.6 billion in building batteries and electric semi-trucks at Sparks to expand its presence in Nevada and the clean energy industry, the White House said Tuesday. .

The Sparks plant will ramp up production of the Tesla Semi, an all-electric class 8 semi truck. CEO Elon Musk set a goal of producing 50,000 chips per year by 2024 during the company’s third-quarter earnings call in October.

Governor Joe Lombardo (R-Nevada) and White House infrastructure chief Mitch Landrieu hailed the announcement as a testament to the strength of their respective administrations. Landrieu called Tesla’s investment part of “President Biden’s first two-year manufacturing boom,” which will bring more than 3,000 jobs to his Spark area of ​​Reno.

“This announcement is the latest in more than $300 billion in private investment in clean energy and semiconductor manufacturing announced since the president took office,” Landrieu said in a statement. “It will create more than 3,000 high-paying jobs for him in Nevada, help America lead in clean energy manufacturing, enhance energy security, and ultimately reduce costs for families.”

The investment in Tesla will be the second in the region. 2014, the government at the time. Brian Sandoval has brought the electric vehicle giant to northern Nevada through tax incentives that he is estimated to be worth $1.25 billion over 20 years. As a result, Story County’s Tesla Gigafactory is one of only five Tesla facilities in the world.

The Gigafactory employs more than 18,000 Nevadans in construction and battery production, according to a 2022 report from the Nevada Governor’s Office of Economic Development (GOED).

According to GOED, Tesla has not applied for tax incentives for new projects. Nevada law states that for eligible projects where capital investment exceeds $3.5 billion over his 10 years, as long as 50% of the workforce is Nevada and the company meets certain wage and health insurance requirements. automatically provide tax credits and reductions.

The size of the new investment appears to qualify.

Lombardo touted Tesla’s announcement — which he called the new facility — as evidence of his administration’s pro-business stance in a speech to the state on Monday.

“Whether it’s closing the lithium loop, unlocking innovation and investment in logistics, entertainment, science and technology, or embracing entrepreneurship, the message is that Nevada is ready to partner,” said Lombardo.

Lombardo also promised to attend the announcement. His office has yet to confirm whether he actually attended or whether he specified the amount of tax relief the company would receive.

Landrieu, meanwhile, saw Tesla’s investment as a triumph in the Biden administration’s pursuit of clean energy, particularly in the bipartisan Infrastructure Act’s funding of vehicle electrification and manufacturing. The Act allocates $2.8 billion (about $120 million) to the processing and manufacturing of battery materials, about $120 million to Nevada businesses, and $7.5 billion to electricity. Assigned to build a network of car charging stations.

Tesla CEO Elon Musk showed up in Nevada in December to unveil an all-electric semi-truck his company would build, deliver it to client PepsiCo, and drive it between its facilities in Nevada and Fremont, California. Tesla has announced that it is using the vehicle.

This article is used with permission from The Nevada Independent. For updates on this and other articles, see here.

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