Nevada says battery plant incentives to Tesla more than $1 billion
CARSON CITY, Nevada, Sept 4
CARSON CITY, Nevada, Sept 4 (Reuters) - Nevada state officials said on Thursday that the state has offered Tesla Motors tax incentives totaling more than $1 billion over 20 years to locate a battery plant in the state.
The incentives will come in the form of tax breaks and abatements, state officials said.
Tesla plans a $5 billion battery plant in Nevada for its cars assembled in Fremont, California.
(Reporting by Sandra Chereb in Carson City, Nevada; Editing by Lisa Shumaker)