Sep 01 2014

INCORRECT:: MISTAKE: UNSUPPORTED ENCODING

Sep 01 2014

Incentives states can offer to get Tesla factory

Paul Sakuma, File / AP Photo

FILE – In this Friday, June 22, 2012 file photo, Tesla CEO Elon Musk walks past the Tesla Model S after a news conference at the Tesla factory in Fremont, Calif. Five states are on the short list for a $5 billion factory that Tesla Motors plans to build so it can crank out batteries for a new generation of electric cars. The package of economic incentives that each state offers will help determine where Tesla builds the factory #x2014; Nevada, California, Texas, Arizona or New Mexico. Tesla CEO Elon Musk has said the winning state will shoulder about 10 percent of the total cost, meaning at least $500 million worth of incentives.