Nevada governor enacts tax break package to bring Tesla's $5 billion battery factory to state

"This really is the definition of the rising tide lifting all boats," said Steve Hill, director of the Governor's Office of Economic Development. "It wasn't that long ago we were suffering through one of the worst recessions in Nevada history with 14.5 percent unemployment."



Sandoval also signed three other bills that made up the package, one discounting electricity for Tesla and another ending a $25 million annual subsidy — $125 million over five years — for insurance companies to help pay for Tesla's tax credits.



The final one makes it clear it is legal for Tesla to sell the cars it manufactures at dealerships it owns in Nevada. That had been a sticking point in Texas, which along with California, Arizona and New Mexico had competed with Nevada for the plant.