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From Electrek: Tesla unlocks another $11 million in transferable tax credits after passing...

Discussion in 'News from Electrek.co' started by RSSFeed, Jun 7, 2017.

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    Tesla unlocks another $11 million in transferable tax credits after passing latest audit for Gigafactory 1

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    At Tesla’s 2017 Annual Shareholder Meeting yesterday, CEO Elon Musk confirmed that work at Tesla Gigafactory 1 is on schedule and that he expects that it will soon produce more li-ion batteries than the entire world production combined.

    A recent third-party audit of Tesla’s Gigafactory project shows that it is indeed progressing according to plan and it even unlocked another $11 million in transferable tax credits through the company’s deal with the state of Nevada. more…

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