Tesla Gifafactory - Impact on Reno/Sparks Area Home Pricing
On September 4, 2014, after a lengthy and highly publicized competition between Texas, Arizona, New Mexico, California, and Nevada, Tesla Motors selected the Reno Nevada area for its planned Gigafactory. Construction has begun and the factory has a scheduled date for initial production in 2017. At full capacity (in 2020), the factory is expected to employ 6,500 employees. This announcement and ensuing economic activity represents a substantial rising tide for the local economy and housing market which will develop over the next 5-6 years.
We have developed a Tesla Gigafactory Real Estate Information Center page on our site with more comprehensive information.