Tesla gets $1.25B in Nevada tax welfare for gigafactory

To make their dirty batteries

Too bad it will be scrapped by fuel cell technology before the 20 years is up...

http://www.bizjournals.com/sananton...05&u=j1KDyrjfP4y9uvJRuZC0l05tdVJ&t=1409930638

I don't know Grizzer, sounds like a move in the right direction. Lots of people will be employed if approved. And I especially like the fact they will be able to continue selling directly to the public. Unions don't like that.

I'd much rather this industry stay here in the USA than go to China/Mexico. The 10 year tax free operations cookie is also fantastic. It'll show our stupid politicians that tax incentives work better and create a better business environment than the current tax-em-to-death model.

squerly said:

I don't know Grizzer, sounds like a move in the right direction. Lots of people will be employed if approved. And I especially like the fact they will be able to continue selling directly to the public. Unions don't like that.

I'd much rather this industry stay here in the USA than go to China/Mexico. The 10 year tax free operations cookie is also fantastic. It'll show our stupid politicians that tax incentives work better and create a better business environment than the current tax-em-to-death model.

Click to expand...

I'm with you on this.

Certainly there will be new technologies and batteries for cars may, or may not, be more or less important 10 - 20 years ago. But I strongly suspect that batteries will be around for a long time, even if things like fuel cells become possible. Batteries will fit in places that fuel cells will not, and batteries can work WITH a fuel cell to make all sorts of possibilities.

But this boils down to a state, using its competitive powers, to attract a business. It will employ people, it will attract jobs and support the regional economy.

If only our FEDERAL government would wake up and lower its tax rates.

I don't see the socialist utopia.

Battery cars are being manipulated by the current regime in DC.

The Obama motors Chevy Volt is a failure.

Solar & wind farms are failures.

Battery maker A123 patents were bought by the Chinese Govt, and massive tax loss carryforwards bought for pennies on the dollar by 1%'er bottom feeders.

This administration's ability to pick winners is a failure.

The shrinking middle class taxpayer is left to pick up the tab.

Especially at the state level where property taxes is the lender of last resort.

I agree electric motors have a place for a variety of technical reasons in applications like diesel electric locomotives.

I'm sure Tesla's next gen cars will be better powered, far beyond the wired together laptop batteries of his first one.

This battery factory is just like a stadium - if it's such a good deal let private capital risk and collect the rewards.

Not out of the pockets of the elderly fixed income crowd.

Sooo... the devil in the details: Transferrable Tax Credits --- we have now found a legal way to extract valuables without wading thru bankruptcy court or paying back the creditors (taxpayers) first

And what does the state get for this investment? Over 20 years the “total fiscal impact” is estimated at $1.9-billion. This would include $430 million in state revenue, $950 million in local revenue and $500 million in K-12 education revenue.

$950,000,000/6,500 = local tax burden per job = $146,153.85

And don't forget Panasonic is bringing in the tooling and technology...

http://www.industryweek.com/expansi...da-taxpayers-get-good-deal-teslas-gigafactory

The life of 1%er's is so idyllic...