Update: The Vallejo City Council unanimously voted to approve Faraday Future's exclusive negotiations proposal on May 31, 2016.
Tesla Motors is headquartered in Silicon Valley's Palo Alto, Faraday Future is down the coast in the Los Angeles suburb of Gardena. Tesla is well under way building their Gigafactory battery production facility outside of Reno, Nevada, while Faraday has just started preliminary work on their own sprawling facility in North Las Vegas. Tesla's main assembly factory is in Fremont, California, at the south end of the San Francisco and now Faraday is looking at setting up shop in Vallejo, California (via Electrek), up at the north end of the Bay. Not to mention that Faraday is staffed by a number of former Tesla employees and execs.
Thanks to massive backing from Chinese giant LeEco, Faraday has been on a land acquisition and hiring spree. Their $1 billion Nevada factory broke ground in April on 900 acres of land, and Faraday's hilariously ambitious plans have them starting production next year. Setting up in Vallejo would give Faraday access to the Bay Area engineering workforce that so far has served Tesla quite well.
But none of that is bothersome to Faraday's plans. Sure, they've yet to reveal a production car, only a (hypothetically) hyper-powered concept car or move past preparation work like land grading at their Nevada site, but that's not stopping them from pursuing additional production space. And so that brings us to next week's Vallejo City Council meeting, where the city will consider an exclusive agreement with Faraday to set up a factory on 157 acres of the closed-in-1997 U.S. Navy shipyard on Mare Island.
There's still plenty of negotiating to do, but Faraday's backing from LeEco means they come with potentially millions of dollars of local revenue and jobs in an economically-depressed city. That said, we can see any arrangement with Faraday taking a long while to come to fruition. Tesla moves fast for a car company, going from concept to production in a few years versus the several years that a typical automobile manufacturer will take. But Faraday is trying to move even faster than that. We'll see.