- Tesla Motors (TSLA -2.7%) will receive a $34.7M tax break from California because it aims to keep boosting production in the state.
- The automaker will avoid the sales tax on $415M worth of equipment it needs in order to double capacity at its Fremont plant up to 35K.
- California expects a significant net benefit due to the extra jobs and economic activity Tesla brings.
Tesla to receive tax break from California
Dec 18 2013, 14:11 ET