Tesla to get over $330 mln in tax abatement from Nevada
Posted on AllSides March 2nd, 2023
From The Center
March 2 (Reuters) - Nevada on Thursday approved more than $330 million in tax abatement for electric vehicle maker Tesla Inc (TSLA.O) that is set to invest more than $3.6 billion in the state to expand its Gigafactory complex with two new factories. Tesla said in January that one of the two new factories will mass produce its long-delayed semi-electric truck, and the other will make its new 4680 battery cell. The cell plant would be able to make enough batteries for 2 million light-duty vehicles annually, including 4680, which...