posted at 16:50
Author Name: Sam Colt
Elon Musk On Teslas Gigafactory: We Didnt Manipulate Nevada Into Anything
Tesla CEO Elon Musk has responded to critics of his plans to build a battery "Gigafactory" in Nevada. "There have been several articles recently implying that Tesla, through clever machinations, maneuvered Nevada into providing an overly large incentive package for the Gigafactory," said Musk. "The deal is not merely slightly good for the people of Nevada, it is extremely good," said Musk. "If you have been to Nevada, you will notice that there is quite a lot of extra land with nobody on it," he said. Musk said Nevada's contributions would only cover a small portion of the Gigafactory's cost. The Fortune article said the "Tally" for Nevada was $1.4 billion. Musk also revealed that Nevada didn't write Tesla a blank check, so to speak. "We must execute according to plan to receive them, meaning that, while the state and Tesla both share the upside, only Tesla suffers the downside."

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