Among the reasons Faraday decided to put roots down in Nevada are “expansive development space, an enthusiastic workforce, an encouraging tax environment, close proximity to our California headquarters and nearby access to the thriving tourism capital of Las Vegas.”
“This event was off the charts”
Gary Vaynerchuk was so impressed with TNW Conference 2016 he paused mid-talk to applaud us.
It’s also close to U.S. Route 95, which has plenty of charging stations which Faraday can use for testing their vehicles in the wild.
The “first phase” of this new facility will cost $1 billion, and supply 4,500 new jobs. The company also says many of its suppliers will move to the desert to be closer to the action, bringing even more jobs.
Faraday also claims there’s no assembly line; instead, it’s “creating a 3 million square foot workshop for passionate creators and diligent visionaries, where new concepts will be refined and implemented.”
It’s all pending legislative approval, so Faraday Future hasn’t laid out a timeline for when the factory will be completed.
➤ Faraday Future Looks to Set Up Shop in North Las Vegas [Faraday Future]