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Tesla Gets $34 Million Tax Break, Adds Capacity For 35,000 More Cars 238

Posted by Soulskill
from the ramping-things-up dept.
cartechboy writes "The state of California will give Tesla Motors a $34.7 million tax break to expand the company's production capacity for electric cars, state officials announced yesterday. Basically, Tesla won't have to pay sales taxes on new manufacturing equipment worth up to $415 million. The added equipment will help Tesla more than double the number of Model S sedans it builds, as well as assemble more electric powertrains for other car makers. In addition to continued Model S production, Tesla plans to introduce the Model X electric crossover in late 2014, as well as a sub-$40,000 car — tentatively called Model E — that could debut as soon as the 2015 Detroit Auto Show. It turns out California is one of the few states to tax the purchase of manufacturing equipment — but the state grants exemptions for 'clean-tech' companies."
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Tesla Gets $34 Million Tax Break, Adds Capacity For 35,000 More Cars

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  • Models... (Score:5, Funny)

    by SeanBlader (1354199) on Wednesday December 18, 2013 @05:51PM (#45730453)
    Surprised no one posted that Tesla will have Models identified as S, E and X when these are all rolled out.
  • Re:Horrah!! (Score:4, Funny)

    by hawguy (1600213) on Wednesday December 18, 2013 @07:01PM (#45731317)

    Pretty much every business that can has already left the state of California. We are left with service industry and tourism jobs that don't come anywhere close to a living wage, especially when you consider the real estate costs.

    San Francisco is practically a wasteland these days - all of the tech companies that have no fixed assets thus can move easily have already left. You can stand in the middle of 101 at 8:30am and not see a single car for hours. Real estate has never been so low - landlords are offering 6 months free rent to anyone that comes, and multiple landlords are getting into reverse bidding wars to try to win you over with low prices.

    Yeah, all of the businesses in California have packed up and left, leaving nothing but wildlife behind - which explains why Coyotes are moving into San Francisco [sfgate.com]

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