Description: It was not entirely surprising that Nevada last week ponied up $1.3 billion in tax breaks to win the business of Tesla Motors. TSLA +0.87% State officials for decades have struggled to diversify an economy based on gambling and tourism, and the prestige of attracting the high-end electric-car company’s massive new lithium battery factory was too great to resist.
Source: WSJ.com
Date: Sep 16, 2014
Questions for Discussions:
- Why do suppose states require purchases of new vehicles from dealerships?
- Why would Tesla want to be able to sell directly to buyers?
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