Tesla's Giant Corporate Welfare Grant

The 'gigafactory' could receive $1.3 billion in tax breaks from Nevada:

Gov. Brian Sandoval will ask state lawmakers next week to approve a deal to bring a Tesla battery plant to Nevada that will result in essentially no taxes being collected from the electric car manufacturer for nearly a decade.
In exchange for a package of tax breaks and credits that could reach $1.3 billion, the company would build itsGigafactory in Storey County east of Reno, bringing 6,500 high-paying jobs and a $5 billion near-term investment. Total investment is expected to reach $10 billion over time.
The state and local tax breaks could ultimately total $1.1 billion over 20 years, and tax credits $195 million.
The proposed incentives include sales and use and property tax breaks along with hiring and investment tax credits.
But Elon Musk, chairman and CEO of California-based Tesla Motors, said the incentive package offered by Nevada was not the most lucrative, nor was it the only reason to pick the state for the Gigafactory.
“What the people of Nevada created is a state where you can; where you are very agile, where you can do things quickly and get things done,” he said. “It’s a real get-things-done state. That was a very important part of the decision.”
Musk said the Gigafactory is a vital piece of the company’s plans to build a mass-market affordable electric car, which he said is projected for release in about three years.
“We’re going to build this awesome factory; it’s going to be something that is truly a wonder to behold,” he said. “The state is going to benefit to a huge degree. I don’t think there is anyone in Nevada who would regret this incentive package.”
Sandoval called the announcement a monumental decision that will change Nevada forever.
“Is this agreement good for us?” Sandoval asked. “I can answer that question today, without hesitation, and say emphatically that yes, this agreement meets the test.”
Information provided by the Governor’s Office of Economic Development to the Review-Journal on Thursday suggests the 5 million-square-foot battery plant will lead to the creation of another 16,000 indirect jobs in support of the project. The Wall Street Journal quoted the company as saying that the plant could someday be as large as 10 million square feet in size, bigger than any single factory in the U.S.

It'll be interesting to see how this pans out.  I would guess the state will never see the 6500 jobs or the $10 billion in investment.  It is nice for the "innovative" Mr. Musk to get to operate tax-free, while other businesses, regular citizens and, eventually, Musk's employees pay the taxes that fund services benefiting the "gigafactory".  I guess if you sell it well enough, you can take advantage of the rest of society.