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.