Chinese auto parts producer Wanxiang Group is accelerating the relaunch of Fisker's Karma hybrid luxury car.» Read More
CARSON CITY, Nev., Sept 10- Nevada lawmakers convened in special legislative session on Wednesday to consider tax breaks and other incentives worth an estimated $1.3 billion to clinch a deal hammered out by Governor Brian Sandoval with Tesla Motors Inc. to build a massive battery factory in the state.
Jerry Brown signed legislation Wednesday that will require most California employers next year to provide up to three sick days for millions of workers, a policy long-sought by labor unions and opposed by business groups.
The Bay Area isn't like the rest of the country. Elsewhere, spotting a Tesla is as odd as finding a public charging station.
CARSON CITY, Nev., Sept 10- Nevada lawmakers on Wednesday will consider controversial tax breaks estimated at up to $1.3 billion for Tesla Motors Inc to build its $5 billion battery factory in the state. "It's exciting that a company such as Tesla has chosen Nevada," said Kirkpatrick, a North Las Vegas Democrat.
CARSON CITY, Nev.— Critics say Nevada lawmakers are gambling with taxpayers' money, but they clearly were in the minority Wednesday night as legislators considered an unprecedented package of up to $1.3 billion in incentives to bring Tesla Motors' $5 billion battery factory to the state.
CARSON CITY, Nev., Sept 9- Nevada lawmakers are set to convene a special legislative session in Carson City on Wednesday to consider a package of tax breaks estimated at up to $1.3 billion aimed at cementing a deal with Tesla Motors Inc for a $5 billion battery plant.
Brian Sandoval was poised to call state lawmakers into a special session Wednesday to consider an extraordinary package of tax breaks and incentives worth up to $1.3 billion to seal a deal with Tesla Motors Inc. to build a $5 billion factory in Nevada to make batteries for electric cars.
Jeffrey Gundlach, DoubleLine Capital CEO & CIO, discusses the strength of the US dollar, the European economy and Scotland's possible succession from the U.K.
California- based Tesla has been supplying batteries and motors for Toyota's RAV4 electric SUVs that went on sale in 2012, but that partnership is set to end this year after Toyota sold just 2,000 of the vehicles.
Some of Monday's midday movers:
The tax package for Tesla's gigafactory will be worth about $1.25 billion over 20 years, according to the Reno Gazette-Journal.
Tesla's CEO said he would not be surprised if there was a significant deal with Toyota in the next two to three years, though there were no plans.
Patrick Armstrong, CIO of Plurimi Investment Managers, says Tesla is a trading at a "huge premium" and suggests shorting the stock.
All of Cramer's fantasy stock picks are now in one place. And his player picks are here, too. Well, what are you waiting for!!!
The "Fast Money" traders name stocks that they think are too expensive at current levels.
Stocks rose on Friday as investors bypassed a surprisingly disappointing jobs report.
Nevada makes some big claims about its bet on Tesla's battery plant paying off for the state and its workforce. Critics are skeptical.
Entrepreneur Lance Gilman develops land in Nevada. CNBC's Jane Wells reports on the economy where Tesla's gigafactory will be.
Tesla's stock price fell after Elon Musk said investors tend to get carried away with electric-car companies.
CNBC's Phil LeBeau looks at the direct economic impact of Tesla's gigafactory for Nevada; Jane Wells reports on Lance Gilman who was instrumental in Tesla coming to Nevada; and Scott Cohn looks at whether this will help Nevada's "top states" ranking.