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 > Tesla Semi truck unveil & test ride set for Oct 26th !

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Yosemite Sam1

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Posted: 06/21/20 09:35pm Link  |  Quote  |  Print  |  Notify Moderator

Reisender wrote:

Yosemite Sam1 wrote:



Elon must be imitating a famous real-estate branding org whose racket is to make it's money on city or state's tax breaks.

It actually doesn't make sense to build another factory when a big chunk of their gigafactory in Nevada is largely underutilized. They got so much subsidy and tax breaks that they did not bother to put up solar panels on their roof because their electricity from Nevada utilities are so dang cheap.


Inside scuttlebutt is that the engineering talent and employing housing issues were two big pluses for a Texas. Probably much more to the decision than we know.


Their Nevada gigafactory is just 45 minutes into California border by housing prices going a little more to the East is 1/4 the home prices than California.

Engineering talents should be no problem as Reno is just 25 minutes away with many hi-tech companies too.

I only see strategic locations for distribution or tax credits as possible reasons.

Groover

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Posted: 06/22/20 05:30am Link  |  Quote  |  Print  |  Notify Moderator



If people are giving money away I would like a few million myself. I don't see why some people act like the recipient has committed a crime, it is the giver that you should question.

Also, it seems like we flip flop back and forth as to whether Tesla is going broke or make incredible riches. Either way, it is still good business to make the most of any investment. I think that the most valuable concession they could get from Texas would simply be permission to sell their product in the state.

BenK

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Posted: 06/22/20 12:28pm Link  |  Quote  |  Print  |  Notify Moderator

The giver...is giving tax paying people's money away


-Ben Picture of my rig
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time2roll

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Posted: 06/22/20 02:19pm Link  |  Quote  |  Print  |  Notify Moderator

BenK wrote:

The giver...is giving tax paying people's money away
And Tesla is giving the area jobs. I call that a trade.

Not sure who comes out ahead. I would hope the tax relief would expire at some point and the jobs continue to grow for many years.


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fj12ryder

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Posted: 06/22/20 02:28pm Link  |  Quote  |  Print  |  Notify Moderator

time2roll wrote:

BenK wrote:

The giver...is giving tax paying people's money away
And Tesla is giving the area jobs. I call that a trade.

Not sure who comes out ahead. I would hope the tax relief would expire at some point and the jobs continue to grow for many years.
That's the way it should work, but anymore, once the tax abatements are done, the company starts looking for someone willing to give them money again. And sometimes the amount given from the taxpayers only benefits the contractors and builders. This is especially true for pro sports stadiums. There's the real ripoff: millionaire players and millionaire owners who want Joe Blow to subsidize their millions. But people keep going for it. Totally beyond my ability to understand such cupidity.


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Yosemite Sam1

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Posted: 06/22/20 04:19pm Link  |  Quote  |  Print  |  Notify Moderator

time2roll wrote:

BenK wrote:

The giver...is giving tax paying people's money away
And Tesla is giving the area jobs. I call that a trade.

Not sure who comes out ahead. I would hope the tax relief would expire at some point and the jobs continue to grow for many years.


Someone should have told that to the government with gasoline companies still getting subsidies and tax breaks in perpetuam even when they are raking in obscene profits in their best of times.

philh

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Posted: 06/23/20 08:20pm Link  |  Quote  |  Print  |  Notify Moderator

Yosemite Sam1 wrote:

Someone should have told that to the government with gasoline companies still getting subsidies and tax breaks in perpetuam even when they are raking in obscene profits in their best of times.

Taxes and subsidies should be eliminated on all corporations

Yosemite Sam1

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Posted: 06/23/20 08:41pm Link  |  Quote  |  Print  |  Notify Moderator

philh wrote:

Yosemite Sam1 wrote:

Someone should have told that to the government with gasoline companies still getting subsidies and tax breaks in perpetuam even when they are raking in obscene profits in their best of times.

Taxes and subsidies should be eliminated on all corporations


Think they just gave more of them -- although studies showed that it didn't help the economy.

philh

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Posted: 06/24/20 07:52pm Link  |  Quote  |  Print  |  Notify Moderator

Yosemite Sam1 wrote:

Think they just gave more of them -- although studies showed that it didn't help the economy.

Tax breaks puts the govt in the position of deciding winners and losers. Corporate taxes just get passed on to consumers.

Yosemite Sam1

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Posted: 06/24/20 08:20pm Link  |  Quote  |  Print  |  Notify Moderator

philh wrote:

Yosemite Sam1 wrote:

Think they just gave more of them -- although studies showed that it didn't help the economy.

Tax breaks puts the govt in the position of deciding winners and losers. Corporate taxes just get passed on to consumers.


Yes, in economics that would best create more economic activities, production and employment.

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