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.
Tesla Motors has selected Nevada for a massive, $5 billion factory that it will build to pump out batteries for a new generation of electric cars.
Earlier this week, budget watchdogs wrote an open letter warning five states, including California, not to offer too many incentives to Tesla.
Tesla Motors, makers of luxury and performance electric cars, will now have a smaller fourth version Model 3 priced at $35,000 to compete with the BMW 3 Series and at the same price as a loaded Toyota Prius, making owning a Tesla much more plausible for the rest of us.
Electric-car maker Tesla Motors is requesting to review the remains of a stolen Model S Sedan that split in half and went up in flames following a high-speed chase in Los Angeles.
Tesla is getting ready to add another vehicle to its lineup.
Electric car maker Tesla Motors is opening access to its patents to accelerate electric vehicle development.
Dealerships across the country continue to take aim at Tesla Motors over their direct-to-consumer sales. Now Founder Elon Musk is firing back and getting some support from Bay Area, where poll results show support for the company’s model.