Tesla closes on free Nevada land for gigafactory (Let the speculative investing begin!)
So who's going to buy some land and sit on it?
http://fortune.com/2014/10/28/tesla-closes-on-free...
High risk, high reward.
If Tesla actually finishes the construction, the land will most likely be very valuable (assuming the zoning is all good). In addition, other high tech companies will follow suit and start locating there. Battery production is supposed to begin in 2017.
The flip side, if Tesla fails to finish the construction. Then ouch.
I see a 18.29 acre piece of property within 10 miles of the site asking for $325,000. Assuming 0.25 acres for each house (including roads, etc.), 73 single family home lots. $4,500 per lot.
Heck, I can't even buy a condo in a decent neighborhood for that price around where I'm at.
So who's in?
[BTW, this post is in good fun. I don't have that kind of cash to gamble to that extreme. But I could always dream.]