Tesla Motors dealing as states play factory poker - 8 News NOW

Tesla Motors dealing as states play factory poker

Posted: Updated:

LOS ANGELES (AP) -- It's the corporate equivalent of high-stakes poker.

Tesla Motors has five states bidding to attract a $5 billion factory that will make batteries for a new generation of electric cars. The winner is expected to offer publicly financed incentives exceeding a half-billion dollars.

And the package could be far more, because the states don't know what their competitors are offering.

So far, Tesla has done initial work on a potential site in Nevada. But the company will prepare at least one other before making a final decision by year's end.

That leaves California, Texas, Arizona and New Mexico wondering what they can do to be a finalist.

So far, the states have passed tax breaks, promised worker-training funds or proposed shelving environmental regulations that could slow the factory's construction.

  • Las Vegas NewsLas Vegas NewsMore>>

  • Police: Woman found murdered inside apartment

    Police: Woman found murdered inside apartment

    Sunday, September 14 2014 2:19 PM EDT2014-09-14 18:19:36 GMT
    Police said a woman was found murdered in her home in North Las Vegas Saturday night.More>>
    Police said a woman was found murdered in her home in North Las Vegas Saturday night.More>>
  • Hawaiian festival host thousands to history, food and music

    Hawaiian festival host thousands to history, food and music

    Sunday, September 14 2014 9:42 PM EDT2014-09-15 01:42:49 GMT
    Thousands of people flooded the streets in Henderson over the weekend for the annual Hawaiian Festival.More>>
    Thousands of people flooded the streets in Henderson over the weekend for the annual Hawaiian Festival.
    More>>
  • Fees resume at Lake Mead

    Fees resume at Lake Mead

    Sunday, September 14 2014 8:24 PM EDT2014-09-15 00:24:20 GMT
    The National Park Service said entrance fees for Lake Mead National Recreation Area have resumed.More>>
    The National Park Service said entrance fees for Lake Mead National Recreation Area have resumed.
    More>>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.