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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

Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

There's now a Tesla Model S registered in all 50 states

Yes, you too can impress friends at cocktail parties by knowing that the last state to go without a registered Tesla Model S battery-electric sedan was indeed Mississippi. And the second-to-last one was West Virginia. That's what Edmunds is saying, citing data from Polk. Mississippi was the final hold-out until one intrepid Jackson resident made the Model S plunge. The state's non-Tesla stature wasn't a surprise, given that Mississippi has the lowest percentage of plug-in vehicles in the country (on the flip side, Washington, Hawaii and California are there three most plug-in prevalent states by percentage of registrations). Another fun cocktail party fact: more than 20 percent of Mississippi's registered vehicles are trucks. Tesla took about a year and a half to finally register a vehicle all 50 states. Comparatively, the Nissan Leaf took almost two years to be registered in all states, while the Chevrolet Volt extended-range plug-in took just 11 months. Tesla sold about 22,300 Model S vehicles last year, and the approximately 6,900 units sold during the fourth quarter made it the country's best-selling plug in during that time. The bad news is that our Mississippi Tesla owner can't count on getting free electric charging from Tesla any time soon. The nearest Superchargers are in Texas and Florida, two states away. News Source: Edmunds.com Green Tesla Electric ev sales west virginia