Who's that sucker at the card table? (Sacramento: 2014, credit)

[Tulemutt]

The state of Nevada, of all places, should understand the gambler's adage about how if you can't pick out the sucker at your card table, it's you.

Skepticism about the Tesla handout spans the ideological divide; conservative groups have attacked it as corporate welfare too.

The sad irony is that there's no evidence that these handouts have any positive impact on economic growth. Florida says his research, in line with other studies, has found "no statistically significant association between economic development incentives per capita and average wages or incomes; none between incentives and college grads or knowledge workers; and none between incentives and the state unemployment rate."

Typically, he has written, companies "select locations based on factors such as workforce, proximity to markets and access to qualified suppliers, and then pit jurisdictions against one another to extract tax benefits and other incentives."

On a national and regional level, state industrial incentives are merely weapons for interstate poaching that end up impoverishing taxpayers all over.

Tesla is taking Nevada for a ride - LA Times

[NewbiePoster]

It sounds like the Nevada guv went way overboard with his offer. What a waste. But if Tesla eventually contracts to mine lithium, that'll be more jobs for Nevada.

[shooting4life]

Sounds like la times is butt hurt that ca lost.

Nevada will come out ahead by far. Plus it will be able to further lure future tesla production facilities once the line up expands as predicted.

[nslander]

Originally Posted by shooting4life

Sounds like la times is butt hurt that ca lost.

Nevada will come out ahead by far. Plus it will be able to further lure future tesla production facilities once the line up expands as predicted.

So, how much in tax subsidies, incentives and credits should CA have forked over? $2 billion? Did anybody hear any CA politician - or even some hack AM talk radio yahoo- go on record and make that proposal?

Nope. CA Conservatives are perfectly content yelling from the sidelines, irrespective of the result.

[eccotecc]

Can't you just envision Elon Musk thumbing his nose as he passes through Sacramento while on the short drive from Reno to the Bay Area.

[simbared]

Originally Posted by eccotecc

Can't you just envision Elon Musk thumbing his nose as he passes through Sacramento while on the short drive from Reno to the Bay Area.

I can imagine him laughing his ass off at the insane amount of money Nevada handed to him when they could have sealed the deal with far less.

[shooting4life]

Originally Posted by nslander

So, how much in tax subsidies, incentives and credits should CA have forked over? $2 billion? Did anybody hear any CA politician - or even some hack AM talk radio yahoo- go on record and make that proposal?

Nope. CA Conservatives are perfectly content yelling from the sidelines, irrespective of the result.

Moonbeam was the one who has the authority to negotiate these sorts of deals. The ca conservatives did not say anything because they have no power to do anything. Same reason as why the liberals in the legislator didn't weigh in.

Tesla went on record saying why California was not selected. The silly amount of regulations prevented California. Tesla said they will be in production in Nevada before they could have broke ground in ca. Time is money.