Nevada says battery plant incentives to Tesla more than $1 billion

CARSON CITY, Nevada, Sept 4 Thu Sep 4, 2014 7:54pm EDT

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)

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Comments (1)
brotherkenny4 wrote:
1 billion over twenty years averages to 50 million a year. While the incentives are likely somewhat front loaded, with some being later and tied to capacity installation progress or jobs numbers, on average Nevada comes out ahead because of the significant revenue increase that will result from the specific economic activity and the related secondary economic activity. Shills from the

Sep 05, 2014 11:37am EDT  --  Report as abuse
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