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Tesla gets $330M tax break for Giga Nevada expansion plan

Teslarati

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. billion to expand Gigafactory Nevada in Storey County. capital investment in Giga Nevada could generate an estimated $685 million in net state and local revenues in the next 20 years.

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Tesla Giga Nevada expansion tax breaks to remain secret for now: NV officials

Teslarati

Tesla’s Gigafactory Nevada facility will undergo a serious expansion that would allow it to mass produce the Tesla Semi and produce 100 GWh of 4680 battery cells per year. The date is three days before the office is expected to vote on whether Giga Nevada’s expansion is eligible to receive tax breaks or not.

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Tesla’s private tax abatement for Giga Nevada expansion criticized by Senator

Teslarati

Tesla’s tax abatement package for Giga Nevada’s expansion is under fire by Senator Dina Neal, who criticized the use of a nondisclosure agreement (NDA) to keep the specifics under wraps until just days before the Governor’s Office of Economic Development (GOED) will vote on its terms.

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Tesla breaks ground on $3.6B Giga Nevada expansion for Semi and 4680 cell

Teslarati

billion expansion of Gigafactory Nevada, which will add 4 million square feet of manufacturing space and two new facilities for Semi and 4680 cell production. The company has been working through the early processes of permitting and other things, like tax breaks, for which Tesla received $330 million.

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Tesla battery supplier Panasonic to increase battery production at Giga Nevada

Teslarati

Tesla battery supplier Panasonic is accelerating plans to increase battery cell production at Gigafactory Nevada. Increasing battery production at Giga Nevada would likely help Tesla increase its vehicle production capacity and benefit from the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits.

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Electric Vehicle Incentives in Nevada

Electric Driver

You may already be aware of the federal tax credits for electric vehicles (if not check out Electric Vehicle Federal Tax Credit: Explained) but there are also EV incentives available in individual states, including some great incentives for Nevada residents.

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The Tesla Model 3 RWD’s federal tax credit gets reduced to $3,750

Teslarati

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.