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Ted Gaines

Tesla mines gold in Silver State

Tesla mines gold in Silver State

Nevada's economic incentives for Tesla Motors won the state a coveted battery factory and an estimated 6,500 jobs, but at one of the highest costs a state has ever paid to lure a company — nearly $1.3 billion. The lavish dowry reaffirms Tesla chief Elon Musk's reputation as a maestro of public subsidies. Adept at media and politics, Musk has raked in hundreds of millions in government support for cutting-edge electric cars and spacecraft. The package — more than double what California was poised to offer — allows Tesla to operate in Nevada essentially tax-free for a decade. The Palo Alto automaker won't pay sales, property or business taxes. Tesla...

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