Tesla's Gigafactory

[Chad V.]

I am just curious whether Bigger Pockets members have been actively pursuing Reno, Nevada, for investment now that Tesla has disclosed they have broke ground near Reno for their planned "gigafactory".  This seems like a potentially profitable strategy given that the factory is supposed to employ 6500 people with good salaries.  I just wanted to ask the community whether this is a strategy people are thinking about and I am curious about how veterans have taken advantage of opportunities like this in the past. It seems like spec building, purchasing existing multifamilies, and commercial property investments would all be good options.

I appreciate your responses in advance.

[Kurt Kwart]

They have not committed to Reno.  

Arizona, California, New Mexico and Texas are still in the running.  This is from Thursday's quarterly shareholder letter/meeting. link to letter pdf

"In June, we broke ground just outside Reno, Nevada on a site that could potentially be the location for the Gigafactory.  Consistent with our strategy to identify and break ground on multiple sites, we continue to evaluate other locations in Arizona, California, New Mexico and Texas. The final site for the first Gigafactory will be determined in the next few months, once we have full visibility and agreement on the relevant incentives and processes for enabling the Gigafactory to be fully operational to meet the timing for Model 3."