EDITORIAL: Giga-cronyism for Tesla in Nevada | Washington Times

Nevada’s politicians are giving Tesla $1.3 billion to build an electric-battery manufacturing plant, called the “gigafactory,” in Storey County.

For the next decade or two, Tesla won’t pay a penny in sales, business or property taxes.

If the politicians figure out another way Tesla can be taxed, the company has an extra $195 million in transferable credits to deal with it.

Electricity comes steeply discounted, an important concession for a power-hungry battery factory. Nevada will even build a road connecting the factory to the main highway.

via EDITORIAL: Giga-cronyism for Tesla in Nevada – Washington Times.

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