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Not a gamble at all. Aside from the land swap, all the incentives are performance based. If Tesla reaches its target 50 GWh / yr production capacity in 2020,
by danhak 11y ago
Not a gamble at all. Aside from the land swap, all the incentives are performance based.
If Tesla reaches its target 50 GWh / yr production capacity in 2020, we're talking at least $5 Billion / year in economic output through the 20-year life of the incentive package (assuming a very conservative $100 / kWh). Not to mention all the employment, development and additional economic activity the factory will generate. How exactly does Nevada lose here?
- lotsofpulp 11y agoIf I was working at Tesla, towards the end of the 20 years, I would start shopping around other states and try to get a similar package to move there, and then let Nevada counteroffer.
- rubidium 11y agoThat's what pretty much all companies do with these deals.
- deleted 11y ago[deleted]