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Tesla on track for Nevada but behind in production goals

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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