An unprecedented package of economic incentives to bring Tesla Motors’ $5 billion lithium battery factory to Nevada won unanimous approval from the state Legislature late Thursday and Gov. Brian Sandoval was preparing to quickly sign it into law.
Opposition emerged Wednesday as Nevada lawmakers began negotiating over whether to approve a complex package of up to $1.3 billion in incentives for Tesla Motors in a special session ordered by Gov. Brian Sandoval to seal the deal to bring the electric car-maker’s $5 billion battery factory to the state.
Nevada Gov. Brian Sandoval announced Thursday that Tesla Motors will build a massive battery factory in the state as long as legislators approve tax breaks and other incentives worth up to $1.3 billion over 20 years.
Billboards are a common sight along Bay Area freeways, but drivers along the Nimitz could be in for a surprise. Tesla is looking to install a billboard standing 40 feet tall and stretching 200 feet wide near its factory in Fremont.
Earlier this week, budget watchdogs wrote an open letter warning five states, including California, not to offer too many incentives to Tesla.
The Palo Alto-based electric car company is reported to have installed charging bays in Truckee…
Known for its annual music festival, the Coachella Valley in Southern California has emerged as a potential location for Tesla Motors to build its widely anticipated battery factory.
Electric car maker Tesla Motors says it has extended the drive-unit warranty for its Model S sedan to make it good for eight years and unlimited miles.
California is making a late push to land electric-car maker, Tesla Motors’ new high-tech battery factory that would create thousands of jobs.
Gov. Jerry Brown announced Thursday that he signed legislation that creates a $420 million tax credit for aerospace contractor Lockheed Martin and includes similar tax incentives designed to benefit California-based electric car maker Tesla Motors Inc.