Nevada says battery plant incentives to Tesla more than $1 billion

Reuters

CARSON CITY Nevada (Reuters) - Nevada state officials said on Thursday that the state has offered Tesla Motors tax incentives totaling more than $1 billion over 20 years to locate a battery plant in the state. The incentives will come in the form of tax breaks and abatements, state officials said. Tesla plans a $5 billion battery plant in Nevada for its cars assembled in Fremont, California. (Reporting by Sandra Chereb in Carson City, Nevada; Editing by Lisa Shumaker)