Tesla Deals As State’s Ante Up For $5 Billion Factory

LOS ANGELES (August 31, 2014) In the corporate equivalent of high-stakes poker, Tesla Motors has five states including Texas bidding to attract a $5 billion factory that will make batteries for a new generation of electric cars.

The winner is expected to offer publicly financed incentives exceeding a half-billion dollars, and the package could be worth far more, because the states don't know what their competitors are offering.

So far, Tesla has done initial work on a potential site in Nevada, but the company will prepare at least one other before making a final decision by year's end.

That leaves California, Texas, Arizona and New Mexico wondering what they can do to be a finalist.

So far, the states have passed tax breaks, promised worker-training funds or proposed shelving environmental regulations that could slow the factory's construction.

KWTX-TV News 10 6700 American Plaza Waco, Texas 76712 (254) 776-1330 Fax (254) 751-1088
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 273383221 - kwtx.com/a?a=273383221
Gray Television, Inc.