Tesla Incentives Come to About $10M, Says Calif. Treasurer
Michael Kanellos: June 30, 2008, 12:47 PM
Why is Tesla putting its sedan factory in California? There are ten million reasons.
The incentives provided by the State of California to the car company come to about $10 million dollars, state Treasurer Bill Lockyer told me. Most of the incentives come in the form of tax holidays. (I had to duck under some black and yellow caution tape to talk to him, but he was downright polite. Didn't call security or anything. Glad I voted for him.)
Financial incentives are a key part of hardware manufacturing and many other parts of the tech world. Intel and other chipmakers regularly shop the world for tax breaks and other incentives. And in many countries, they are willing to oblige....
