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Nevada says battery plant incentives to Tesla more than $1 billion
September 5, 2014 / 12:04 AM / 3 years ago

Nevada says battery plant incentives to Tesla more than $1 billion

CARSON CITY Nevada (Reuters) - Nevada state officials said on Thursday that the state has offered Tesla Motors tax incentives totaling more than $1 billion over 20 years to locate a battery plant in the state.

The incentives will come in the form of tax breaks and abatements, state officials said.

Tesla plans a $5 billion battery plant in Nevada for its cars assembled in Fremont, California.

Reporting by Sandra Chereb in Carson City, Nevada; Editing by Lisa Shumaker

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