Insights

Tesla Motors Receives $39 Million in Sales Tax Incentives

According to a recent article, "electric car maker Tesla Motors will receive $39 million in sales tax incentives, marking a new round of government subsidies for a company that has become adept at using them to grow the business."

"Under the program, qualified companies are excluded from paying sales and use taxes on certain equipment purchases for up to three years. Tesla applied for the most recent sales tax exclusion based on more than $463 million worth of expected purchases related to the expansion of its Model S and Model X".

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