UPDATE 1-Tesla picks Nevada for $5 billion battery plant

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notamidgeon wrote:

“Tesla Chief Executive Officer and co-founder Elon Musk said Nevada’s offer to Tesla ‘was not the biggest incentive package’”

Nevada offered the sleeves out of its vest. Aside from a US Parkway ROW to I-80 (which the state would eventually acquire regardless) and a waiver on sales/use tax on equipment Panasonic may supply, Nevada offered zilch that will help Tesla build the facility. Some of the incentives (particularly abatement of state employment taxes [SUI?])may be beneficial if the facility ever goes operational.

Huge risk for shareholders.

Sep 04, 2014 10:48pm EDT  --  Report as abuse
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