Tesla Has Stiffed New York State On The Riverbend Factory

[WNYresident]

I saw this on facebook



Tesla Has Stiffed New York State On The Riverbend Factory

Summary

We complete our chronicle of how New York State has spent $750 million taxpayer dollars for almost nothing in return.

With Silevo and its technology both complete failures, the Riverbend factory will instead have Panasonic as a tenant.

What promises has Panasonic made New York about employment? About investment?

Why, none at all. New York State does not even have an agreement with Panasonic. Its only deal is with the broke and failed Silevo.

Meanwhile, with timetables continually pushed into the future, Governor Cuomo and Czar Zemsky pronounce the deal a grand success.

https://seekingalpha.com/article/408...erbend-factory

[Dan Roman]

Not a surprise to anyone with an ounce of common sense. I still think it will make a great boat storage facility for the winter months

[grump]

This is typical Democratic corruption along the lines of the billion $$$ BO gave to Solyndra which was out of business in months and the money vanished. After reading about the scam Bernie Sanders and his wife pulled off in Vermont I see they're expanding their corruption beyond solar.

[Save Us]

This is typical Democratic corruption along the lines of the billion $$$ BO gave to Solyndra which was out of business in months and the money vanished. After reading about the scam Bernie Sanders and his wife pulled off in Vermont I see they're expanding their corruption beyond solar.

This is what becomes of desperation.

[grump]

WNY, I went back and read the "seekingalpha" story. It's pretty informative about the sham Riverbend scam. Better yet was an article linked therein that laid out the whole house of cards that is Tesla. It points out in stark relief the self dealing of Musk and his family in the "takeover" of Solar City by Tesla. It went on in detail.

[steven]

I saw this on facebook



Tesla Has Stiffed New York State On The Riverbend Factory



https://seekingalpha.com/article/408...erbend-factory

If its on facebook it must be true right?

The agreement is with telsa/solar city. Panasonic will manufacture the custom photovoltaic (PV) cells and modules for telsa/solar city, primarily at Gigafactory 2. which is already built.

This is a Good thing as silveio wasn't living up to its promises

More than 2½ years after plans were unveiled for a solar panel factory in South Buffalo, SolarCity is ramping up its hiring.

The solar energy installer expects to start hiring entry-level production workers as it gets ready to begin manufacturing operations at the South Park Avenue factory later this year. Here’s

SolarCity has listings posted for more than two dozen different types of jobs at the RiverBend factory.
https://www.tesla.com/careers/search...ffalo&region=4

Many of those jobs are for skilled engineering and manager positions that require advanced degrees or experience in solar cell or semiconductor manufacturing.

But hundreds of jobs will be available for production workers, which require less extensive training and experience.

Panasonic started hiring yesterday

Entry-level production workers are expected to earn starting wages of $14 an hour, he said. Machine operators will start at $18 an hour. The company also is seeking team leaders who will oversee groups of 10 to 15 production workers.

Panasonic, which has been building its engineering and administrative staff in Buffalo, has said it hopes to have about 120 workers in place by the end of August.

Gloom and Doom right?

[grump]

Read the article on seekingalpha about Tesla and Panasonic. Turns out Panasonic produces some of the least competitive solar panels in the world. And 120 workers isnt quite the same as 1500 production workers which was the original deal. As I've said, the likely result is the state quietly buying inventory and moving it into storerooms out of town because there is simply no market for this crap. That I've been told by local Dems. Ask Andy's pegboy Zemesky if he ever decides to tell the truth about this disaster.

[grump]

We may be reaching the end game on the tax money rat hole known as Riverbend sooner rather than later. The Democratic Party public relations operation known locally as Ch. 2 news carried a story about further changes to the agreement, made behind the scenes as always, that gives Musk virtual carte Blanche to walk away from Riverbend. It makes sense that this news would be "broken" by a Cuomo mouthpiece like Ch. 2 which will, of course, minimize and discount its impact.

[WNYresident]

http://www.investigativepost.org/201...escape-clause/

Tesla CEO Elon Musk was bullish about Buffalo on a call with investors last month.

“We made that commitment to the state of New York,” he said, describing the company’s to hire thousands at a huge factory opening in Buffalo that was built at taxpayer expense. “We are going to keep that commitment.”

In late 2015, though – before SolarCity was bought by Tesla – the contract that governs the company’s commitment to New York was tweaked to give it more ways out of the deal if its business goes south.

Added to the list of reasons SolarCity could end the contract and walk away: broad language about changes in government policy or regulation – at the local, state, or federal level – that would damage the company’s business.