Just how much is Tesla worth to the Bay Area and California?
Now, for the first time, the Bay Area is getting a detailed look at Tesla’s economic impact on the region and the state from a report Tesla released Tuesday showing it is pumping billions of dollars into California’s economy.
Tesla commissioned the report, prepared by research firm IHS Markit. It says that during 2017, Tesla’s operations were directly responsible for $2 billion in California’s gross state product, and that figure grew to $5.11 billion when including what the company calls “Tier-1 suppliers” such as contractors working for Tesla that aren’t Tesla employees, Tesla supply chain providers, and the economic impact of Tesla upon other businesses across the state.
In the Bay Area, Tesla’s biggest impact is seen in the number of jobs the company has created. Alameda County, which is home to Tesla’s Fremont factory, claimed 5,081 Tesla workers as residents, while 5,737 jobs came from residents of Santa Clara County, 735 from San Mateo County and 352 hailed from Sacramento. The study showed Tesla having a total of 20,189 jobs in all of California, with another 31,424 jobs supported by Tesla operations across the state.
When asked about why Tesla commissioned the report, a company spokesperson said, “As one of the largest manufacturers in California, and the only remaining car manufacturer, 2017 saw Tesla generate more than $5 billion in economic activity within the state. We remain focused on trying to make a positive difference in California as we work to accelerate the adoption of sustainable energy.
https://www.mercurynews.com/2018/05/15/just-how-much-is-tesla-worth-to-the-bay-area-and-california/