NEVADA SAYS TESLA'S POSSIBLE TAX BREAKS STAY SECRET, FOR NOW
Techlife News|Techlife News #588
The details of any potential tax breaks for Tesla’s $3.6 billion expansion of its Nevada factory will remain secret until late February, under a nondisclosure agreement that state officials signed with the electric carmaker.
NEVADA SAYS TESLA'S POSSIBLE TAX BREAKS STAY SECRET, FOR NOW

The governor’s economic development office will release the tax-abatement request on Feb 27, just three days before the office votes on whether the planned factory expansion is eligible to receive those tax breaks, spokesperson Gregory Bortolin said. He said the nondisclosure agreement means he can’t give exact figures for any possible tax abatements.

Tesla, run by billionaire CEO Elon Musk, intends to produce high volumes of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada.

This story is from the Techlife News #588 edition of Techlife News.

Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.

This story is from the Techlife News #588 edition of Techlife News.

Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.

MORE STORIES FROM TECHLIFE NEWSView All
A 2nd Wave of Layoffs at Meta; 10,000 Jobs Are Cut
Techlife News

A 2nd Wave of Layoffs at Meta; 10,000 Jobs Are Cut

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard.

time-read
2 mins  |
March 18, 2023
DON'T LEAVE GLOBAL SOUTH OUT OF GREEN TECH GROWTH, UN WARNS
Techlife News

DON'T LEAVE GLOBAL SOUTH OUT OF GREEN TECH GROWTH, UN WARNS

The majority of developing nations are set to miss out on the economic benefits of booming green technologies, slowing progress toward their climate goals and widening the inequality gap between rich and poor countries, a United Nations report warned Thursday.

time-read
2 mins  |
March 18, 2023
EU MOVES ON CLEAN TECHNOLOGY: SUBSIDIES UP, FREE MARKET DOWN
Techlife News

EU MOVES ON CLEAN TECHNOLOGY: SUBSIDIES UP, FREE MARKET DOWN

The European Union presented plans to fundamentally revamp its policies on promoting green technologies and dealing with critical raw materials, imposing limits on imports from countries like China while unleashing subsidies and other financial incentives to ramp up home production.

time-read
3 mins  |
March 18, 2023
VIRGIN ORBIT PAUSING ALL WORK, REPORTEDLY FURLOUGHS STAFF
Techlife News

VIRGIN ORBIT PAUSING ALL WORK, REPORTEDLY FURLOUGHS STAFF

Virgin Orbit said Thursday it is pausing all operations amid reports that the company is furloughing almost all its staff as part of a bid to seek a funding lifeline.

time-read
1 min  |
March 18, 2023
BAIDU UNVEILS CHATGPT-RIVAL ERNIE BOT; 650 COMPANIES SIGN UP
Techlife News

BAIDU UNVEILS CHATGPT-RIVAL ERNIE BOT; 650 COMPANIES SIGN UP

Chinese search giant Baidu unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a prerecorded video presentation Thursday that appeared to disappoint investors.

time-read
1 min  |
March 18, 2023
Why TikTok is Being Banned on Gov't Phones in US and Beyond
Techlife News

Why TikTok is Being Banned on Gov't Phones in US and Beyond

The United States is ratcheting up national security concerns about TikTok, mandating that all federal employees delete the Chinese-owned social media app from government-issued mobile phones. Other Western governments are pursuing similar bans, citing espionage fears.

time-read
5 mins  |
March 04, 2023
2023 BMW iX Vs 2023 Rivian R1S
Techlife News

2023 BMW iX Vs 2023 Rivian R1S

Buying an electric vehicle used to mean choosing from battery range, performance, utility or luxury.

time-read
3 mins  |
March 11, 2023
FROM MARKETING TO DESIGN.BRANDS ADOPT AI TOOLS DESPITE RISK
Techlife News

FROM MARKETING TO DESIGN.BRANDS ADOPT AI TOOLS DESPITE RISK

Even if you haven’t tried artificial intelligence tools that can write essays and poems or conjure new images on command, chances are the companies that make your household products are already starting to do so.

time-read
4 mins  |
March 11, 2023
APPLICATIONS FOR US JOBLESS AID RISE BY MOST IN 5 MONTHS
Techlife News

APPLICATIONS FOR US JOBLESS AID RISE BY MOST IN 5 MONTHS

The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve’s interest rate hikes.

time-read
2 mins  |
March 11, 2023
CBS SPORTS TO LAUNCH DIGITAL SOCCER CHANNEL NEXT MONTH
Techlife News

CBS SPORTS TO LAUNCH DIGITAL SOCCER CHANNEL NEXT MONTH

CBS Sports will expand its soccer offerings when it launches a free digital channel devoted to the sport on April 11.

time-read
1 min  |
March 11, 2023
RELATED STORIES
TESLA - Master Plan
AppleMagazine

TESLA - Master Plan

Elon Musk driving the planet toward renewable energy

time-read
5 mins  |
March 10, 2023
TESLA PRICE CUTS: FLAGGING DEMAND OR TACTIC TO BOOST SALES?
AppleMagazine

TESLA PRICE CUTS: FLAGGING DEMAND OR TACTIC TO BOOST SALES?

In explaining why Tesla Inc. keeps cutting prices on its electric vehicles, the auto industry is pretty much divided into two camps.

time-read
3 mins  |
March 10, 2023
TESLA MODEL 3 NOW $5K LESS THAN US AVERAGE NEW CAR
AppleMagazine

TESLA MODEL 3 NOW $5K LESS THAN US AVERAGE NEW CAR

It’s never been this cheap to buy a Tesla.

time-read
4 mins  |
March 03, 2023
WHITE HOUSE: TESLA TO MAKE SOME EV CHARGERS AVAILABLE TO ALL
AppleMagazine

WHITE HOUSE: TESLA TO MAKE SOME EV CHARGERS AVAILABLE TO ALL

Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced by the White House.

time-read
2 mins  |
Februry 17, 2023
TESLA HIKES PRICE OF MODEL Y AFTER US ALTERS TAX CREDIT RULE
AppleMagazine

TESLA HIKES PRICE OF MODEL Y AFTER US ALTERS TAX CREDIT RULE

Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits.

time-read
2 mins  |
February 10, 2023
JUSTICE DEPARTMENT SEEKS TESLA AUTOMATED DRIVING DOCUMENTS
AppleMagazine

JUSTICE DEPARTMENT SEEKS TESLA AUTOMATED DRIVING DOCUMENTS

The U.S. Justice Department has requested documents from Tesla related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing.

time-read
2 mins  |
AppleMagazine #588
AFTER TESLA PRICE CUT, FORD FOLLOWS SUIT WITH MUSTANG MACH-E
AppleMagazine

AFTER TESLA PRICE CUT, FORD FOLLOWS SUIT WITH MUSTANG MACH-E

Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps.

time-read
3 mins  |
AppleMagazine #588
ELON MUSK: TWEETS ABOUT TAKING TESLA PRIVATE WEREN'T FRAUD
AppleMagazine

ELON MUSK: TWEETS ABOUT TAKING TESLA PRIVATE WEREN'T FRAUD

Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed.

time-read
2 mins  |
January 27, 2023
Trolling While on Autopilot
Bloomberg Businessweek US

Trolling While on Autopilot

Amid falling demand and sudden price cuts, Elon Musk seems determined to take a blowtorch to his car company’s brand

time-read
10+ mins  |
January 30, 2023
ELON MUSK'S NEXT DRAMA: A TRIAL OVER HIS TWEETS ABOUT TESLA
AppleMagazine

ELON MUSK'S NEXT DRAMA: A TRIAL OVER HIS TWEETS ABOUT TESLA

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t.

time-read
2 mins  |
AppleMagazine #586