2021 Tesla Sport Perfomance on 2040-cars

Auto blog

Nevada's $1.2 billion deal for Tesla Gigafactory lets EV company sell direct

Now that the Nevada deal for the Tesla Motors Gigafactory has the governor's signature, we've got more details on the automaker's $1.2-billion benefits package. As originally reported, this is the broad breakdown: $725 million for a 20-year 100 percent sales tax abatement $332 million for a 10-year 100 percent property tax abatement $120 million in transferable tax credits $75 million in transferable tax credits worth $12,500 per job times 6,000 jobs). $27 million for a 10-year, 100 percent modified business tax abatement $8 million in discounted electricity rates for eight years New reports say that one way that state legislators freed up some money ($125 million) was by ending a long-standing tax break for insurance companies. Legislators also eliminated some tax credits for movie companies to give the money ($70 million) to Tesla. One surprising side benefit for Tesla is the ability to sell its EVs directly to customers in Nevada. The state hasn't been a big player in the EV dealer fight issue, but now the company's right to sell cars there is secure. What does Nevada get out of the deal? Well, a lot of publicity, for starters, but also a big new employer. The state is also requiring that at least half of all the workers at the $5 billion Gigafactory be from Nevada, but there is a way for Tesla to get waivers around this if needed. Add that all up and you get what state Assemblyman Ira Hansen called, "arguably the biggest thing that has happened in Nevada since at least the Hoover Dam." Not everyone is so positive. A Las Vegas schoolteacher told the Nevada Appeal, "I think it is kind of ironic that a renewable energy, a green energy car company we are courting to come to our state, that one of the things we are giving them is free energy." You can watch a video of the September 4th Tesla/Nevada announcement and read the governor's press release about signing the bill below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Governor Brian Sandoval Signs Historic Legislation Thanks Legislature for Thorough Review and Approval CARSON CITY, NV - September 11, 2014 Governor Brian Sandoval signed Assembly Bills 1, 2, and 3, and Senate Bill 1, legislation from the 28th Special Session of the Nevada Legislature, tonight in a ceremony that was open to members of the Nevada Legislature and the public.

Here's how buying a Tesla Model S works in China

When it comes to selling and delivering the California-made Tesla electric vehicles in China, we know there's a bit of a time difference. And that difference may be more a matter of months than hours as the California-based electric vehicle maker prepares to start sales in the world's most populous country, Forbes says. Not that it makes Tesla any less confident about its prospects there. Tesla's first showroom in China opened in Beijing in early November and a service center popped up about 13 miles away from there. The company is asking for an upfront $2,400 deposit on its Model S sedans and another $19,500 deposit after customization is complete. Foggier, though is the estimated delivery time, which for vehicles ordered this month can range from July to October, depending on who's doing the estimating, according to Forbes. Tesla representatives didn't respond to our request for clarification but you can get more details in Forbes. Still, Tesla executives have said they expect for China to account for about a third of global sales this year and as much as half in 2015, which could mean about 25,000 vehicles purchased in the country. All this despite the fact that Tesla, like other automakers, has upped the price of its cars for China compared to the levels in other countries. Tesla in January set a base price for the 85-kilowatt-hour Model S of more than $120,000 (depending on the exchange rate) in China. The company says that the price could have been higher, but it wanted to set a fair price.

Tesla lowers Model S lease price, adds 3-month 'happiness guarantee'

Tesla Motors is offering an enticing deal for potential buyers who might not be entirely sure whether they actually want to own a Model S for the long term. A deal through US Bank not only lowers the cost to lease the EV but also turns leasing the brand's electric sedan into a long-term rental.
Curious buyers who lease a Model S are now able to return it in the first three months with no penalties and with the remaining payments waived, something Tesla is calling the "happiness guarantee." CEO Elon Musk announced the deal on the company's blog, and he said the payments were also as much as 25 percent lower because US Bank "has a much lower cost of capital than us." Currently, a Tesla lease starts at around $800 and can be up to $1,300, with down payments around $6,500. Tesla leasing is available in 38 US states (full list below).
Of course, there is a catch for the offer. If people turn in their Model S within three months, they can't immediately lease another one. Musk doesn't say how long the wait is.