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From Electrek: Tesla obtains $11.5 million in transferable tax credits after passing latest...

Discussion in 'News from Electrek.co' started by RSSFeed, Mar 14, 2017.

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    Tesla obtains $11.5 million in transferable tax credits after passing latest audit for Gigafactory 1

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    While it was widely reported that Tesla received $1.3 billion in incentives from the state of Nevada to build its factory east of Reno, the automaker has only received a small fraction of that amount and the rest is gradually being unlocked as tax credits as Tesla reaches job and investment requirements under the agreement.

    The company passed its latest audit of the project and unlocked $11,567,061 in transferable tax credits. moreā€¦

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