Connect with us

News

Tesla Gigafactory Sparks Real Estate Surge in Nevada

Published

on

“I want land, I want a good deal and I want it near Tesla’s new Gigafactory.”

If you’re in real estate, an investor or just watch the news you know there has been a high demand for land near Tesla’s new Gigafactory located in the Tahoe Reno Industrial Park.

Vacant land surrounding the Gigafactory has been on sale for many years but with minimal interest from buyers. Once the announcement came that Tesla was building the world’s largest battery factory within the vicinity, interest around land and real estate has come pouring in from every outlet.

A significant amount of deals have been completed with little to no knowledge to the public and LLC’s are being created to mask the actual purchaser. If you drive out to the Industrial Park you’ll see signs all over USA Parkway saying “Land for Sale”. Six months ago these signs rarely existed or would be overlooked with no interest. Not anymore!!

Tesla-Gigafactory-Real-Estate

I had a call from a client stating “I have $5 Million and I want an apartment complex near Tesla” … Yes, that sounds great but you know this investor was not from the area or knew very little about the land he wanted to buy. The Tahoe Reno Industrial Park is just that, an Industrial Park, not a place to have residential housing. The companies in the Industrial Park may produce smells and loud noises that are not too conducive to residential or mulit-family housing but there is a plan for a Hotel located right off USA Parkway not too deep into the park. Tesla’s announcement has brought more than just construction jobs, their supply chain and lots of talk. It brought money to the area.

Gigafactory-Apartments-Tahoe-Reno“I have $5 Million and I want an apartment complex near Tesla”

Just a short 15 minute drive west is the cities Reno and Sparks (separated by a freeway). On August 19th, 2014 a 296-unit apartment complex called Eastland Hills was purchased for $27.5M and created a lot of talk in the area. Many attributed this purchase to Tesla and our local news paper the Reno Gazette Journal calling it the “Tesla Touch”.

Reno Sparks Tahoe Homes reported another apartment complex just a half of a mile away from Eastland Hills, a 256-unit luxury garden style complex Villas at D’Andrea was purchased for $32M on December 18th, 2014. You can see how months later the Tesla Gigafactory announcement is still having a large impact on the community.

Advertisement

When it comes to buying vs building the Reno/Sparks market is finally at a breakeven point. We have low re-sale inventory, approximately 2.6 months when the norm should be around 6 months of inventory. This has been putting pressure on new construction. We have lots of new developments opening in the area and even though we’re 15 minutes away from the Tesla Gigafactory, land is being scooped up all over.

What are you waiting for?

by Candy Noel
Real Estate Professional at RenoSparksTahoeHomes.com

News

Rivian CEO RJ Scaringe wins Executive Disruptor of the Year award

Rivian has proven to be as tough as its off-road-capable electric vehicles.

Published

on

Credit: Rivian/X

Rivian CEO RJ Scaringe has been named Executive Disruptor of the Year in Newsweek’s World’s Greatest Auto Disruptors awards.

The electric vehicle maker celebrated its chief executive’s accolade on social media and on its official website.

Why RJ Scaringe Won

Newsweek highlighted that Rivian is one of the few electric car makers in the market today that actually turned a profit. This was an extremely challenging endeavor for Rivian, especially as the company had to outfit its Normal, Il plant during the height of the pandemic. 

Rivian has proven to be as tough as its off-road-capable electric vehicles. It dug deep to launch the R1T and R1S, it secured a deal with Amazon for its electric delivery vans, it unveiled its next-generation vehicles like the R2, R3, and R3X, and it even signed a $5.8 billion joint venture with Volkswagen Group. This year, a subsidiary of the company also received a $6.57 billion loan from the federal government to finance the development and construction of its Georgia plant, which is expected to be capable of mass manufacturing the R2.

“Strategic decisions that resulted in a gross profit of $170 million in the fourth quarter of 2024 and the maturing business model of the Rivian brand in a BEV-adverse environment are why RJ Scaringe is Newsweek’s 2025 Executive Disruptor of the Year,” Newsweek wrote.

Advertisement

What the CEO Says

CEO RJ Scaringe noted that the honor really belongs to the company’s employees, who have endured numerous hardships over the years just to help Rivian mature and survive. As per the electric truck maker, its CEO’s award is a reflection of the vision, grit, and teamwork that powers everything the company does. 

“This honor truly belongs to the entire incredible team of disruptors at Rivian. Every step forward we’ve taken—whether in the design studio, on the assembly line or in our software—has been driven by people who believe deeply in our mission. I’m grateful to Newsweek for the recognition, and even more thankful to our community for continuing to inspire us every day!” Scaringe stated.

Continue Reading

Elon Musk

Trump’s auto tariff delay might benefit Tesla & the Big 3

Wedbush backs shifting Trump’s auto tariffs to finished cars vs. parts. Tesla & Big 3 could dodge a bullet here.

Published

on

(Credit: Tesla)

According to Wedbush analyst Dan Ives, Tesla and Detroit’s Big Three—General Motors, Ford, and Stellantis—could benefit from a potential delay in President Trump’s auto tariffs.

In late March, President Trump announced 25% tariffs on imported vehicles, effective April 3, 2025. The U.S. President also announced tariffs for auto parts, slated for May. Ives previously criticized Trump’s auto tariffs, calling them a source of “pure chaos” for the auto industry.

“A U.S. car made entirely with U.S. parts is a fictional tale,” he said, warning that tariffs could spike car prices by $5,000 to $10,000.

Ives emphasized that dismantling a decades-old global supply chain overnight is impractical. He predicts the delay could shift the May tariffs’ focus on fully assembled vehicles rather than parts, a move the Wedbush analyst sees as less disruptive.

Advertisement

“Wedbush firmly believes that the more practical and effective approach would be to impose tariffs on finished vehicles rather than on auto parts, which are still essential to U.S.-based car production,” he added.

A shift to fully assembled vehicles from auto parts could ease immediate pressures on U.S. automakers, preserving production stability. For Tesla and the Big Three, the auto tariff shift offers a strategic advantage in a turbulent trade landscape, though global market reactions remain a key variable.

The Wedbush analyst believes Tesla is well-positioned to handle Trump’s auto tariffs due to its robust U.S. production footprint.

“When it comes to the tariff issue, they are actually best positioned relative to the Detroit Big Three and others and obviously foreign automakers. Still impacted, Musk has talked about that, in terms of just auto parts,” Ives noted.

Wedbush maintains a $315 price target for Tesla’s stock, reflecting confidence in its resilience. However, Ives cautioned that China’s response to Trump’s auto tariff looms over Tesla. The next few quarters will be critical for Tesla to navigate these challenges while capitalizing on its domestic manufacturing edge.

Advertisement

Meanwhile, The Big Three is reliant on imported parts but builds many vehicles domestically. As such, GM, Ford, and Stellantis would also gain from avoiding an auto parts tariffs.

Continue Reading

News

Driverless Teslas using FSD Unsupervised are starting to look common in Giga Texas

The driverless Tesla looked just like any other car around the Giga Texas complex–it just happened to be using FSD Unsupervised.

Published

on

Credit: Joe Tegtmeyer/X

The sight of fully driverless Teslas operating using FSD Unsupervised is becoming quite common in the Giga Texas complex. 

This was highlighted in a recent video of the facility from one of Giga Texas’ most ardent watchers.

FSD Unsupervised

Just recently, the Tesla AI Team shared a video showing how Unsupervised FSD was being used to deliver cars from the end of Giga Texas’ vehicle production line to the facility’s outbound logistics lot. The Tesla AI Team also noted that so far, over 50,000 driverless miles have been accrued between vehicles produced at the Fremont Factory and Giga Texas.

The video was just over a minute long, but it was enough to show that both the new Model Ys and Cybertrucks produced at Gigafactory Texas are already using FSD Unsupervised from their production line.

An Increasingly Common Sight

The Tesla AI Team also shared a video from the cabin of a new Model Y that was autonomously navigating a 1.4-mile route towards Giga Texas’ outbound logistics lot. As could be seen in the video, the new Model Y’s route is actually quite complicated as it includes pedestrians, semi trucks, and construction equipment, to name a few. The video suggests that Tesla is getting quite a lot of valuable data from its driverless vehicles in the Giga Texas complex alone.

Advertisement

One such vehicle was spotted recently by longtime Giga Texas watcher Joe Tegtmeyer, who was fortunate enough to capture a clip of a white new Model Y operating without a driver. As could be seen in Tegtmeyer’s video, the new Model Y was moving very confidently on its own, and it even seemed like it was traveling at a decent speed. If any, the driverless Tesla looked just like any other car around the Giga Texas complex–it just happened to be using FSD Unsupervised.

The Normalization of Remarkable

Tesla is a company that is known for making the impossible feel late. This is certainly true for the FSD Unsupervised. CEO Elon Musk has already missed his targets for the system’s consumer rollout for several years running, but things have never looked this polished before. With this in mind, perhaps this year, Tesla will indeed be able to roll out FSD Unsupervised, ushering in a whole new revolution in the transportation sector. 

Continue Reading

Trending