Tax Credits Could Attract Tesla Factory to California - NBC 7 San Diego

Tax Credits Could Attract Tesla Factory to California

Governor sweetens pot for electric carmaker.



    Three ways La Jolla UTC delivers on what employees really want

    What's good for Lockheed Martin will be good for Tesla.

    Big-time tax credits are on tap for the Bay Area-based auto manufacturer, should Tesla decide to build its $5 billion battery factory in the Golden State, according to reports.

    The San Francisco Chronicle reports that a $420 million tax credit signed into law by Gov. Jerry Brown on Thursday -- intended for aerospace company Lockheed -- could also benefit Tesla.

    The authors of the new legislative measures are coy, but it appears that the 15-year-long tax credit opportunity -- available to "battery manufacturing" activities -- is aimed square at luring Tesla to California and not one of the four other states, including Rick Perry's Texas, that would like a Tesla factory and ergo Tesla jobs.