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Tesla will build first Gigafactory in Nevada

After months of guessing, the location of the first massive Tesla battery plant should be announced around 24 hours from now. A joint press conference has been called by Tesla and the Nevada Governor's office for tomorrow afternoon and the subject is likely to be that the so-called Gigafactory will be built in Reno, NV. Reno was first confirmed as a serious candidate for one of the Gigafacatory locations during Tesla's most recent shareholder call at the end of July, when the automaker said it had broken ground on a potential location there. Speculation was swirling before that that Reno would be chosen first. Tesla wouldn't directly confirm what the subject of tomorrow's announcement would be, but did give AutoblogGreen a statement that said, "Tesla looks forward to joining Governor Sandoval and legislative leaders tomorrow in Carson City at 4 pm for a major economic development announcement." We'll let you decide. When it announced the $4-5-billion Gigafactory, Tesla said it would provide up to 6,500 jobs and make enough batteries to supply 500,000 Tesla electric vehicles a year, in particular the company's next vehicle, the lower-cost Tesla Model 3. Of course, Tesla also said it would not announce the location of the battery plant until "late 2014," so we'll take everything with a grain of salt for now. Recently, the California Budget Project suggested the five states in the running for the first Gigafactory should work together so as to not give too many tax benefits to Tesla. We should find out tomorrow how much Nevada "spent" to attract the new battery plant and a host of other details. **Media Advisory** Governor Brian Sandoval to Host Press Conference for Major Economic Development Announcement Contact Mari St. Martin Communications Director (702) 250-8210 mstmartin@gov.nv.gov Carson City, NV - September 03, 2014 Governor Brian Sandoval will host a press conference tomorrow, Thursday, September 4th, for a major economic development announcement. TIME: 4:00 p.m. WHAT: Press Conference WHO: TBD LOCATION: Capitol Building 101 Carson Street Carson City, NV 89701 MEDIA: RSVP to confirm location Press set-up to begin 30 minutes before press conference ### Office of the Governor . 101 North Carson Street . Carson City, NV 89701 . (775) 684-5670 Grant Sawyer State Office Building . 555 East Washington, Ste 5100 . Las Vegas, NV 89101 . (702) 486-2500

Tesla puts emphasis on hiring military veterans

When we think of American car companies, brands that come to mind immediately are Ford, General Motors, Chrysler, and if you're an AutoblogGreen reader, Tesla Motors. The California-based maker of electric vehicles doesn't treat that lightly, as we find in an article from the San Jose Mercury News, which profiles the company's efforts to reach out to and hire US military veterans. "We want to be known throughout the veteran community as a great place to work," says Tesla's vice president of human resources, Arnnon Geshuri. Tesla appears to be achieving that goal, and is just getting started. Tesla has risen to the top among workplaces for veterans. Already, about 300 of Tesla's 6,000 or so employees are veterans, or about five percent, with another 600 vets currently involved in the hiring process. Tesla continues to seek out vets to fill its ranks, and for good reason. VetJobs CEO and president Ted Daywalt points out that veterans communicate especially well with each other, having experience in military speak, which is helpful in the workplace. Daywalt notes that "Tesla has risen to the top" among workplaces for veterans. Tesla works to recruit veterans directly, through word of mouth and veterans groups and at events like job fairs. For Tesla, veterans also bring special expertise that lends itself well to building electric cars. Besides their technical knowledge about mechanics and electronics, they also excel in teamwork, discipline and leadership skills. Tesla holds regular casual meetings for vets, where they can get to know each other and share their own ideas for how the company can improve itself. The relationship between Tesla Motors and its veteran employees is a mutually beneficial one. Tesla gets a disciplined workforce with unique qualifications, and the veterans have an easier time transitioning back to normal life when returning from duty. Having a job waiting for them when they get home is a benefit for vets, as is working for a company that is flexible with their schedules for those who are still enlisted. Tesla held employee Megan Gates' position while she was on duty for two years, and she remains comfortable balancing her National Guard service with her work. "I give Tesla my schedule and say 'these are the weekends I need to leave,' and they work around that schedule," she says. "Everyone here is so supportive." Remember the good old days, when Tesla made its employees work like 68 hours a week?

Tesla: Earnings still down, but rate of Model S production way up

According to its Third Quarter 2012 Shareholder Letter, Tesla "is now at over 200 cars per week or 10,000 cars per year, which is at the critical threshold needed for Tesla to generate positive operating cash flow."
That's an important milestone to be sure, but the news is actually even better; Tesla expects to ramp Model S production up to 400 cars per week (20,000 units/year) by December of 2012, and says it will deliver 2,500 to 3,000 units in the fourth quarter of 2012. That's lower than the previous target of 5,000 in 2012, but it's more an issue of delayed achievement rather than missing the mark altogether.
All of that production bodes well for the future, but as of today, the automaker has yet to earn real money. Revenue for the third quarter of 2012 was $50 million, equating to a net loss of about $110 million after expenses were tallied. The stock market likes the numbers, with TSLA shares rising 8.9 percent on Monday after the report was released.