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California is giving Tesla another huge tax break. Good move

2013-12-21 14:12:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: This is going to drive the Tesla-haters crazy. The luxury electric-car maker is getting a huge new tax break from California, SFGate reports. The state will let it off the hook for sales and use taxes on some $415 million in new equipment its purchasing in order to expand production of the Model S at its Bay Area factory. That amounts to a $34.7 million tax break to produce more of a vehicle whose sticker price starts above $70,000. Tax breaks for the rich! Corporate giveaways! The working people...

Tags: good move california break

Category:Electronics and Electrical

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