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Global Trade Alert

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United States of America (State of Nevada): Tesla receives financial support for its multibillion-dollar Gigafactory expansion

Description

On 2 March 2023, the Nevada Governor’s Office of Economic Development (GOED) Board approved a 10-year USD 264 million abatement for Tesla Inc’s new investment in electric vehicles and batteries in Nev...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Mar 2023

Revocation date

01 Mar 2033

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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