Texas county approves tax breaks for Tesla, if it builds a $1.1 billion car plant near Austin

[Yo_Mama_Been_Loggin]

Source: CNBC

Travis County in Texas has voted to give Tesla tax breaks worth a minimum of $14.7 million to build a new car plant, and eventually employ thousands, near the Austin airport.

The site where Tesla has proposed to build its next "Gigafactory," is known as the Austin Green development. Tesla still has to purchase the land there, which would cost it an estimated $5 million, plus another $1.1 billion, at least, to build the plant, which will manufacture the Cybertruck. The property borders the Colorado River.

County officials discussed the proposal in a closed session on Tuesday, before hearing from speakers at a public hearing that was livestreamed on YouTube.

Before that, a local school district, Del Valle ISD, voted to approve Tesla's plan, dubbed the Colorado River Project LLC, last week.

Read more: https://www.msn.com/en-us/money/companies/texas-county-approves-tax-breaks-for-tesla-if-it-builds-a-1-1-billion-car-plant-near-austin/ar-BB16JUuI?li=BBnbfcN&ocid=DELLDHP

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Isn't corporate welfare great?

[AllaN01Bear]

1. the true wealfare queens , what about the rest of the people in ausitins

tax break?

[Zorro]

2. It would be a brilliant strategic move for Tesla

Building an electric pickup truck factory in the capital of an oil industry-dominated state will likely raise the hackles of Texas Republicans.

[Massacure]

6. I don't think Texas is really so much pro-oil as they are pro-business

A lot of ranchers saw dollar signs and were happy to lease their land for wind farms.

[Budi]

3. Vomit. Maybe Elon Musk will tell Tx about his Epstein days

In 2011, an elite dinner party was held during the TED Conference in Long Beach, California.
At the dinner were Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, former Yahoo CEO Marissa Mayer, Google cofounder Sergey Brin, and Jeffrey Epstein, a registered sex offender.
At the time, Epstein had been out of jail for less than two years; he was convicted in 2008 of soliciting sex from a 14-year-old girl.

Amazon CEO Jeff Bezos, Google cofounder Sergey Brin, Yahoo CEO Marissa Mayer, Tesla CEO Elon Musk, and several other high-profile tech execs and celebrities reportedly attended a small, private dinner in March 2011 during the annual TED Conference in Long Beach, California.

The event, known informally as the "billionaires' dinner," was also attended by the financier and registered sex offender Jeffrey Epstein, according to a new report by BuzzFeed News.

In March 2011, Epstein was less than two years out from serving a 13-month prison sentence for soliciting sex from a 14-year-old girl.
(Acosta handled this for Epstein)

THIS:
Brockman describes his group as representative of "the third culture," which "consists of those scientists and other thinkers in the empirical world who, through their work and expository writing, are taking the place of the traditional intellectual in rendering visible the deeper meanings of our lives, redefining who and what we are."
MORE..

https://www.google.com/amp/s/www.businessinsider.com/jeffrey-epstein-dinner-bezos-elon-musk-bill-gates-report-2011-2019-9%3famp
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Thick as thieves...

[bucolic_frolic]

4. Elon needs the money

Greed is creepy

[TexasProgresive]

5. What's odd is you cannot buy a new Tesla in Texas. It's a law new car sales must be through a dealer

[Igel]

9. This isn't quite right.

There's a Tesla store less than a mile from where I live. It makes no sense if it's not a revenue center. Rumor is you buy them online, officially they're out of state sales, and then they magically show up here.

How that works out legally, dunno. But there's a Tesla store and I've known people with new Teslas that never left the state.

I lack privilege and income to buy one. Probably wouldn't if I had the $.

[TexasProgresive]

12. Sounds like they found a loop hole in the law.

Here's what I wonder about Teslas, who services them? Every thing built by humans will need to be maintained and serviced.

[a kennedy]

7. Well that's just great, the FAWKING billionaire is getting tax breaks.

[yaesu]

8. home owners will get the shaft making up for the tax loss. nt

[lettucebe]

10. I find this sickening -- Travis County loses bigley. It's a slam to those that live there

There is no reason these ultra rich company's and/or corporations get a tax break. I say F that. If they want to move, they'll still scout locations, and they'll find a good fit. There's no need for enticement. Cities need to stop this practice. It's outdated and simply not fair to the tax paying citizens.

Some say it brings jobs. I say, great, but they still don't need a tax break. They need to actually pay a fair share of tax instead.

[Kaiserguy]

11. This is wrong on so many levels

Time to end their greed and for them to pay their share

[0nirevets]

13. Using taxpayer dollars to lure in another big business psychopath. You get what you pay for.

Those "thousands of jobs" will never materialize. They will morph into a couple hundred, most of which will be robot maintenance techs.