Tesla Semi Truck: What It Means for Reno's Housing Market

[Trevor Richardson]

It’s exciting to watch Tesla build something very practical like a semi truck. This is going to be manufactured at the Gigafactory outside Reno at a new facility.

IMPACT ON RENO HOUSING - I believe as Reno enters into vehicle manufacturing the impacts on our housing will again be tested in the coming years. For real estate investors 2023 and 2024 may be the best years to acquire rental property with the coming strain on housing. Unfortunately multifamily starts are down not only here but nationally.

For N Nevada the combination of this two punch, slowing housing starts and this bustling new factory is really going to drive all rents up for rental homes and apartments. This won’t be felt in 2023 or 2024 but it’s coming in 2025.

[Trevor Richardson]

Quote from @Carlos Ptriawan:

Quote from @Bruce Woodruff:

Quote from @Trevor Richardson:

Quote from @Bruce Woodruff:

I know nothing so just curious. Why would someone buy a Tesla truck? Just to be cool, or are there other advantages...?

It’s a semi truck, made for fleet operators like Wal-Mart. It hauls cargo just like diesel semi trucks. Except it’s electric, which gives it certain advantages probably except long haul. For regional operators moving cargo within the 500mi range it’s going to be pretty effective. One of my clients is an engineer for Tesla, it’s pretty exciting.

Im not an engineer or fleet operator, I own a real estate brokerage in Reno. I just know they are going to be building a lot of them which will require people and those people will need other people for services. People are going to move to the area. Then there may be other companies that more to the area to provide supplies to the semi truck factory, which will require more people.

All those new people are going to require housing which is going to be sparse. Full circle haha!

Check out Jay Leno learning about it.

https://www.google.com/search?q=jay%20leno%20semi%20truck&am...

But will it really be more 'green' or save money? Given that the electricity needs to come from fossil fuels anyway? Why not just stay with what we have?

 Ya be careful with innovation as well.
Toyota now developing battery a battery that can last 1,000 miles.
When it's commercialized Tesla is wiped out if they can't enhance their product.

And the job loss would be significant enough LOL

I never thought this post would be so controversial! In Reno, we've been through the "Tesla fails" scenario so many times, but the outcome is always the same: another manufacturer buys the facilities here. Redwood Materials is next to Tesla and is building a battery recycling facility, and Panasonic runs the Tesla Gigafactory. So even if Tesla fails (which is unlikely at this point), someone like Toyota or Ford would likely acquire and absorb the massive infrastructure and hub for electric battery manufacturing here.