Nevada Lawmakers Approve $1.3 Billion in Tax Breaks for Tesla
The governor of Nevada signed the tax breaks into law last night and in so doing gave electric auto maker Tesla more than a billion dollars.
The $1.3 billion package of tax breaks had been approved by state lawmakers the day before for the company. The California-based manufacturer of luxury electric cars will now build a $5 billion battery factory outside of Reno.
The state expects three thousand jobs to be created immediately, mostly in construction. Governor Brian Sandoval's office says 6,500 factory jobs will be created by the Tesla factory and 1,600 "indirect" jobs after the plant is operational.
Tesla executives chose Nevada after considering additional expansion in California, or moving to Arizona, New Mexico, or Texas.