Tesla is on track for its hiring and tax incentive goals in Nevada despite lagging in meeting production goals.
Nevada awarded Tesla a tax incentive package in 2014 amounting to $1.2 billion in tax breaks to make a $3.5 billion capital investment in Nevada by 2024. Nearly three years in, the company has made an almost $2.7 billion capital investment. Tesla’s third quarter balance sheet shows the company lost $671 million in the past year and added more than $5.2 billion in liabilities. “Tesla has met all of its benchmarks and exceeded the state’s goals… Tesla’s incentives are performance-based, and the governor is confident in its ability to deliver.” Mari St. Martin, spokeswoman for Gov. Brian Sandoval
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