Skip to content

Wednesday, Mar. 8, 2023

Is Nevada Gov. Joe Lombardo giving Tesla $330 million in taxpayer money?

Todd Butterworth, The Nevada Independent
no

Tesla has been approved for $330 million in tax abatements (tax breaks) in return for investing an additional $3.6 billion into the company’s Nevada operations. Abatements are reductions in taxes owed, so Tesla will not receive any state dollars.

The Nevada Legislature created the tax abatement process for new or growing businesses in 1999. The law requires the Board of Economic Development to approve abatements if a company meets certain conditions, such as average wages, number of jobs created or clearing a threshold of capital investment. The governor is one of the board’s nine voting members and its chair.

Tesla plans to build 4 million square feet of space for battery and semi-truck production and to create 3,000 jobs at an average hourly rate of $33.49.

This fact brief is responsive to conversations such as this one.

Sources

About fact briefs

Fact briefs are bite-sized, well-sourced explanations that offer clear "yes" or "no" answers to questions, confusions, and unsupported claims circulating online. They rely on publicly available data and documents, often from the original source. Fact briefs are written and published by newsrooms in the Gigafact network.

See all fact briefs

The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.

Learn More

Latest Fact Briefs

Be a Friend of facts

Help us fund more great fact briefs like this one.