Is Tesla Planning a Giga Factory in Florida?

Is Tesla Planning a Giga Factory in Florida?

Elon Musk said that Tesla would most likely announce a new giga factory later in 2022. According to Warren Redlich, here's why a giga factory in Orlando, FL makes sense.

People Want to Live In Orlando, Florida

Elon Musk has talked about building giga factories in places that people want to be and doing so makes it easy to recruit employees who want to be there and will do a good job - because they already like where they are living. It's more difficult to get people to come to a location that they may not want to live in, in the first place.

There are Universities Nearby

There are major universities near Orlando. There is the University of Florida, University of Central Florida, South Florida University, University of North Florida. All of these universities have great programs in engineering. This is great for recruiting employees with engineering backgrounds.

Disney World and Universal Studios are Nearby

There are a lot of attractions in Orlando. Disney World is the biggest Disney attraction. When this is nearby, this is a place you go to regularly, especially if you live there. There are deals for Florida residents to get annual passes to go to Disney. Universal Studios is also there, providing an attraction for people.

SpaceX is Close By

Having SpaceX close by is a very good thing for building a giga factory in Florida. There is potential for things getting to work together and have a close knit working relationship. This is just very convenient for both companies.

There is No State Income Tax

There is no state income tax, which is a nice thing. Every year, I pay about 2.75% of my income to tax in Utah. Florida, with no state income tax, is a little more attractive than Utah.

There is a Pro-Business Government

There are a lot of business moving to Florida as the local governments are working to attract business. It's a business friendly state.

Florida is the 3rd Largest State

Florida is the 3rd largest state in the United States. California and Texas, the first two largest states already have factories. It makes a lot of sense to build a giga factory there. Florida also has a great super charger system.

It is 700 Miles Closer to NYC instead of Austin

Orlando, Florida is closer to bigger cities and New York, Orlando has the advantage of location to more prominent places. Orlando also has access to many ports for shipment. There is a lot of coast line.

What do you think about Tesla building a giga factory in Orlando, Florida? Does this makes sense to do?

For more information, see this video by Warren Redlich:

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Warren Redlich, Screenshot