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Tesla gets California tax break of $34.7 million

LECTRIC CARS
California gives Tesla tax break

California will give Tesla Motors a $34.7 million tax break to expand the company’s production of electric cars and power trains in the state, officials said this week.

Tesla, based in Palo Alto, won’t have to pay sales and use taxes on new manufacturing equipment worth up to $415 million. The equipment will help Tesla more than double the number of Model S sedans it builds at its Fremont factory, as well as assemble more electric power trains for customers such as Daimler and Toyota.

Tesla expects to build 21,500 sedans this year. The new equipment would help expand annual production by 35,000 cars.
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