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California grants Tesla $34.7 million tax break to boost production

Tesla Motors' plans to expand just got a big boost, as the state of California has announced it will give the Palo Alto-based company a $34.7 million tax break to increase its production capacity. The EV manufacturer is being given a pass on sales and use taxes on up to $415 million worth of equipment, according to a report on the San Francisco Chronicle's website.
Tesla is currently on track to produce 21,500 cars, although the planned expansion should more than double that capacity to 56,500 units, adding 112 jobs at Tesla's Fremont factory. "I'm pleased we could take this action to encourage Tesla to expand its electric vehicle production in California, which will create green jobs and improve our air quality," State Treasurer Bill Lockyer said. The state estimates that between the additional jobs and (hoped for) increase in sales, it will recoup the costs of the tax break in more taxes.

If Tesla Model 3 is successful, Sergio Marchionne will copy it

Fiat Chrysler CEO Sergio Marchionne hasn't hidden his disdain for electric vehicles, but he would copy the Tesla Model 3 if it is successful, according to Automotive News Europe. If Elon Musk "can show me that the car will be profitable at that price, I will copy the formula, add the Italian design flair and get it to the market within 12 months," Marchionne told Automotive News Europe during FCA's annual meeting in Amsterdam. In terms of pre-orders, the Model 3 is a success. Musk tweeted on April 7 that the company had over 325,000 reservations for the sedan, which he estimated were worth around $14 billion. The car will start at $35,000 before incentives. Marchionne, however, isn't optimistic Tesla can actually make the electric sedan work financially. "I'm am not surprised by the high number of reservations but you have then to build and deliver them and also be profitable," he told ANE. The FCA boss is a noted skeptic of EVs. In 2012, he said that the company only built the 500e because of California's zero-emissions vehicle mandate and to give engineers experience with the technology. He doubled-down in 2014 when he claimed FCA lost $14,000 on each 500e and said he would rather people didn't buy them. More recently, he infamously said "you'd have to shoot me first," before he'd allow a fully electric Ferrari. Related Video:

Elon Musk promises $1 million, Supercharger for New York's Nikola Tesla Museum

Earlier this year, Matthew Inman, the creator of The Oatmeal, penned a gushing review of his Tesla Model S, and followed it up with a request to Tesla Motors CEO Elon Musk for $8 million to help build a museum dedicated to the achievements of the company's namesake because "any less than $8M would pretty much leave us in the same boat we're in now." Musk Tweeted a response that said, "I would be happy to help." So, the news that Musk will donate $1 million to the Tesla Science Center at Wardenclyffe towards the construction of the museum, which will be built on a 16-acre site in honor of scientist Nikola Tesla, is a mixed blessing. A million bucks is a million bucks, but it's not the amount Inman was hoping for. The museum says, "[Musk] has challenged us at the Center to use our resources wisely, find additional resources, and reach our goal of creating this museum." In other words, anyone have $7 million? The plan is to locate the museum in Shoreham, New York, on Long Island's north shore, about 65 miles northeast of New York City. It's also the site of Nikola Tesla's last laboratory. He started working there in 1901 on an unfinished project that would have essentially been a precursor to e-mail. Thursday marked the 158th anniversary of Nikola Tesla's birth. The scientist died in 1943. On top of the cool million, Musk says he will also build a Supercharger fast-charging station on site for those making the trip out to the museum in a Model S. So the Science Center will be just like Lusk, WY. You can check out the Tesla Science Center's press release below. Musk Funds Tesla Science Center in Shoreham Shoreham, New York – July 10, 2014 A birthday party was held for famous inventor Nikola Tesla at the site of his last laboratory, in Shoreham, NY, where Jane Alcorn, president of the Tesla Science Center at Wardenclyffe announced that Elon Musk, owner of Tesla Motors, had pledged $1 million to the Tesla Science Center, plus a Tesla supercharging station to the Tesla Science Center saying, "He has challenged us at the Center to use our resources wisely, find additional resources, and reach our goal of creating this museum." A donation had been suggested by Matthew Inman of theOatmeal.com, who will comment via his website. "We are excited and extremely grateful for Mr. Musk's generous gift to Tesla Science Center, and also to Matthew Inman for arranging the opportunity," she said.