Nevada Current: As Tesla factory expands, so too could Nevada’s massive tax abatements
“Tesla’s expansion of its Nevada factory appears poised to trigger an entirely new package of tax abatements worth hundreds of millions of dollars, all of it authorized by the original sweetheart deal Legislators approved in 2014.
Tesla last week announced a $3.6 billion, 4-million-square-foot expansion of its Giga Nevada campus in Northern Nevada. The project, which will include a battery cell factory and a high-volume semi-truck factory, is projected to bring an additional 3,000 new jobs to the Reno-Sparks area, according to an announcement on the company’s website.”
Good Jobs First Executive Director Greg LeRoy explains why Tesla, long fueled by massive amounts of public subsidies even as its owner’s wealth soared to at times hold the title of the world’s richest man, should not receive any additional subsidies from Nevadans.
Read the full story at Nevada Current.