What Tesla Wants from Canada as an Incentive for a Gigafactory

What Tesla Wants from Canada as an Incentive for a Gigafactory

Tesla is lobbying the Ontario, Canada government in order to get permission to build a Giga factory there. This comes after Elon Musk hinted at building a factory in Canada at the latest share holder meeting.

Last Saturday, Torquenews reported that Canada could be the latest location for its next Giga factory. Tesla just wants a quick approval process as an incentive.

Last June, Electrik obtained a recording of a company wide meeting with Elon Musk and it was confirmed then that Canada was a possible location.

There is a new lobbying disclosure that Tesla has had to disclose that reveals that Tesla is engaging with the government of Ontario, Canada, in regards to possible incentives for an advanced manufacturing facility.

Tesla Wants an Incentive to Build Their Factory

Tesla wants an incentive to build their factory - wherever the next location is, and I don't blame them. After the lengthy approval process with Giga Berlin, Tesla is on the offensive now looking to get fast approval so they can get their factory up and running as fast as possible without delay.

Tesla will likely take a quick approval process and an ability to quickly build the factory as their top incentive for their location. Even though Giga Berlin was built in record time according to German standards, it was still slow for Tesla. Ontario, Canada, should cater to Tesla's incentive demands because it will heavily boost the economy of Ontario, Canada, and create a ton of new jobs.

In regards to Tesla's filing that they had to disclose, this is what they wrote:

Engage with the government and its agencies to identify opportunities for industrial and/or advanced manufacturing facility permitting reforms with the intent to increase the competitiveness of Ontario and its ability to attract capital investment through establishing approvals time frames that are competitive with high-growth manufacturing locations in North America, while also working with government to identify or align incentives programs that could further increase the attractiveness of Ontario for industrial and/or advanced manufacturing investment.

Tesla is learning from the past and this is good. They also don't have a factory anywhere in the Eastern United States or Canada, and Ontario, Canada, makes a lot of sense. For this factory to get built, it all comes down to the permit experience and how quickly Tesla can get the permits to build its next Giga factory - similar to Giga Texas. Let's see if Ontario, Canada, is willing to work with Tesla and helps them get through the approval process quickly.

Also See: Musk Just Sold Massive Amount of Tesla Shares Nicely Timing His Sale.

What do you think about Tesla lobbying for a Giga factory in Canada? Will Tesla end up building a factory there?

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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.

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